Lenovo’s second quarter earnings report: revenue growth double growth

On November 8th, Lenovo Group released its second quarter results report. The financial report shows that Lenovo’s second quarter revenue was 13.38 billion US dollars, an increase of 14%; net profit of 168 million US dollars, an increase of 21%.

According to business, for the six months ended September 30, 2018, the smart equipment business group revenue was US$22.12 billion, accounting for approximately 87% of the Group’s total revenue, up 12% year-on-year; mobile business revenue was US$3.247 billion, accounting for the Group Total revenue was about 13%, down 15% year-on-year, and overall shipments fell 20% year-on-year; data center business group revenue was $3.173 billion, up 63% year-on-year, accounting for about 13% of the group’s total revenue.

Lenovo said that Lenovo’s revenue for the quarter has reached a record high of the past four years, and it has maintained year-on-year growth for the fifth consecutive quarter, mainly due to the accelerated progress in business performance and implementation of intelligent transformation strategies.