With #Lenovo Group's second-quarter revenue down (U.S. $11.2 billion, down 8 percent year-over-year – and profit up (U.S. $157 million compared to a $714 million loss same time last year) as reported on Oct. 3, Sammy Kinlaw, Lenovo's North American channel chief, attributes the profit uptick to company restructuring and PC growth.
Lenovo’s solid performance comes at a challenging time in the industry, with both the PC and tablet markets down, and smartphones and servers showing only modest growth, the company stated.
“Market conditions remained challenging but we delivered solid results. Our PCSD business maintained leadership and strong profitability, our mobile business had good quarter-to-quarter volume growth and margin improvement, and our data-center business is actively addressing its challenges," said Yang Yuanqing, chairman and CEO, Lenovo. “We have also added several of the industry’s top minds into Lenovo, and are continuing to strengthen our leadership team. We remain confident in our vision, our strategy and our team’s ability to achieve new heights."
The three new executives that joined Lenovo included Kirk Skaugen, executive vice president and president of the data center group; Laura Quatela, chief legal officer and senior vice president; and Dr. Yong Rui, chief technology officer and senior vice president.{ad}
IDC’s Worldwide Quarterly PC Tracker reported in October that worldwide PC shipments in third quarter totaled nearly 68 million units, a year-on-year decline of 3.9 percent, which still beat projections by 3.2 percent
No comments:
Post a Comment