Home › Lenovo brings in new management as sales fall 8%
 

Keywords :   


Lenovo brings in new management as sales fall 8%

2016-11-03 10:09:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a return to profit in its fiscal second quarter to September, but sales were still down 8 percent to USD 11.2 billion due to the weak computer, server and smartphone markets. The company's net result moved to a profit of USD 157 million from a loss of USD 714 million a year ago thanks to cost-cutting efforts and fewer restructuring charges. Gross profit was up 2 percent to USD 1.2 billion. The company also announced new management appointment, bringing in executives from Intel, Alcatel-Lucent and Microsoft.

Tags: management sales fall brings

Category:Telecommunications

Latest from this category

All news
»
06.10Glatfelter Develops Biobased Espresso Lid Material
06.10Tropical Storm Milton Potential Storm Surge Flooding Map
06.10Tropical Storm Milton Probabilistic Storm Surge Graphics
06.10Firms urge mayor to rethink congestion charge plan
06.10Tropical Storm Milton Public Advisory Number 5
06.10Summary for Tropical Storm Milton (AT4/AL142024)
06.10Tropical Storm Milton Graphics
06.10Tropical Storm Milton Graphics
More »