02 February 2016

Lenovo Delivers Strong Q3 Profit

HONG KONG, February 3, 2016 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced results for its third fiscal quarter ended December 31, 2015. Quarterly revenue was US$12.9 billion, an 8 percent year-over-year decrease, or 2 percent year-over-year in constant currency. Third quarter pre-tax income, excluding non-cash, M&A related accounting charges of US$77 million, was US$397 million, while reported pre-tax income was US$320 million, up 17 percent, exceeding analyst’s estimates. Net income was US$300 million, up 19 percent, also exceeding analyst’s estimates.
19 January 2016

Lenovo Names Scott Offer General Counsel

Lenovo Group today announced a change in senior leadership.  Jay Clemens, who has served as General Counsel to the company for approximately four years has chosen to step down for personal reasons.  The company has named Scott Offer, currently General Counsel for its Mobile Business Group, to replace Clemens as Senior Vice President and General Counsel for Lenovo Group Limited.