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Lenovo Yoga 900

2015-11-19 16:01:43| PC Magazine: New Product Reviews

The Lenovo Yoga 900 premium convertible-hybrid laptop is a wonder of engineering, with a complex multimode hinge that lets you use it in a wide variety of positions. Yet it measures just a half-inch thick.

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Lenovo Yoga 900

2015-11-16 20:02:17| PC Magazine: New Product Reviews

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Lenovo Delivers Solid 2nd Quarter FY15-16 Operational Results

2015-11-12 12:49:42| IT Services - Topix.net

Lenovo is successfully executing its business realignment plan and is on track to deliver US$ 650 million in the second half of the year and US$ 1.35 billion annually As announced in Q1 earnings report, Lenovo incurred US$599 million in restructuring costs and a US$324 million one-time charge to clear smartphone inventory in Q2 Hong Kong Financial Reporting Standards pre-tax loss** of US$842 million driven by restructuring costs and one time charges Lenovo Group today announced results for its second fiscal quarter ended September 30, 2015. Quarterly revenue was US$12.2 billion, a 16 percent year-over-year increase or 23 percent year-over-year in constant currency.

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Lenovo posts quarterly loss on restructuring costs

2015-11-12 09:12:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a net loss of USD 714 million for its fiscal second quarter to September, compared to a profit of USD 262 million a year earlier. The result included USD 599 million in restructuring costs and a USD 324 million one-time charge to clear smartphone inventory. Lenovo said it was on track to realise around USD 650 million in cost savings in the second half of the fiscal year and USD 1.35 billion on an annual basis. Quarterly revenues were still up 16 percent year-on-year to USD 12.2 billion and rose 23 percent excluding currency effects, while the gross margin fell to 13.0 percent from 13.9 a year ago. The sales growth was largely due to the acquisition of Motorola, which helped the Mobile Business Group double revenues year-on-year to USD 2.7 billion. Motorola contributed USD 1.4 billion in revenue. However, the MBG's posted a pre-tax loss of USD 217 million for the quarter. The PC Group saw revenues fall to USD 8.1 billion, and pretax profit was down 17 percent to USD 406 million. Lenovo said it suffered from currency fluctuations, hurting demand in the EMEA region and Brazil. The Enterprise Business Group, which includes servers, storage and software, recorded sales of USD 1.2 billion, up 5.5 times from a year ago thanks to the acquisition of IBM's System x business, which contributed USD 900 million in sales. The enterprise division still had a pretax loss of USD 33 million.

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