Lenovo posts profit in Q2, revenues downStaff Writer | November 7, 2016
Lenovo Group posted a profit for the second quarter, as lower revenues were offset by significant reduction in operating expenses, amid difficult market conditions.
Lenovo Group Operating expenses fell 41 percent
Operating expenses fell 41 percent to $1.392 billion from $2.359 billion last year.
Revenue for second quarter slid 8 percent to $11.2 billion. While PC and tablet markets were down, the company said, smartphones and servers showed modest growth. ■