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Lenovo quarterly sales fall 6%, net profit improves
2016-08-18 08:46:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues down 6 percent year-on-year in its fiscal first quarter to June to USD 10.1 billion, hurt by the slowdown in the PC and smartphone markets. Gross profit fell 7 percent to USD 1.5 billion, giving a margin of 15.3 percent, while net profit increased 64 percent to USD 173 million, thanks to cuts to operating costs.
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Category:Telecommunications
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