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Lenovo Q2 revenue reached $13.4 billion

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Staff Writer | Thursday November 8, 2018 7:59AM ET
Lenovo group
Lenovo   Lenovo achieved strong double-digit growth in revenue year-over-year

Lenovo Group announced results for its second fiscal quarter ended September 30, 2018.


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For the third straight quarter, Lenovo achieved strong double-digit growth in revenue year-over-year.

Group revenue reached $13.4 billion, up 14% year-over-year (18% YOY excluding currency impact) – reporting its highest quarterly revenue for nearly four years.

The company also reported its second consecutive quarter of strong, pre-tax income of $213 million, six times as much as the previous year (+$178 million) as all businesses reported profit improvements.

In the second fiscal quarter, Lenovo’s profit attributable to equity holders grew to $168 million, up $91 million sequentially, and $29 million year-over-year. Basic earnings per share in the second fiscal quarter was 1.41 US cents or 11.06 HK cents. Lenovo’s Board of Directors declared an interim dividend of 6.0 HK cents per share.

 

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