Breaking News

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards ASUS Announces ExpertCenter PN54-S1 Mini PC SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC PlayStation Plus Monthly Games for October 2025 Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Lenovo Reports Strong Quarterly Revenue

Lenovo Reports Strong Quarterly Revenue

Enterprise & IT Feb 3,2015 0

Lenovo Group today announced consensus-beating results for its third fiscal quarter ended December 31, 2014, showing a strong PC business and fast traction in the integration of its Motorola Mobility (Motorola) and former IBM System x, x86 server (System x) investments. The company's quarterly revenue was US$14.1 billion, a 31 percent increase year-over-year. Net profit was $253 million, down from $265 million a year prior due to ballooning expenses associated with closing the two major acquisitions.

Lenovo continued to consolidate its hold on the PC market, reaching a record 20 percent share during the quarter with sales of $9.15 billion. Shipments rose 5 percent compared with a 3 percent decline in the broader industry, with growth particularly strong in Eastern Europe.

Lenovo said PCs account for 65 percent of the company’s revenue, while Mobile delivers 24 percent and Enterprise contributes 9 percent.

"This quarter, we are at the starting line of a new race, but the results show that we have the right strategy, we made the right acquisitions and we executed well globally, so I am confident we are ready to win," said Yuanqing Yang, chairman and CEO of Lenovo. "Our core PC business maintained its leading position and further improved profitability. The two newly acquired businesses are achieving great momentum in their first quarter of integration. They are definitely becoming our growth engines. Motorola is already a global strength: for the first time it sold more than 10 million units in the quarter and it is now re-entering the China market. Meanwhile, we have a strong start with the System x integration, even while we further refine and develop it, leveraging Lenovo’s operational excellence and efficiency to be even more competitive. I remain fully confident we will meet all of our financial commitments this year, and also that we are on the right track to win in the long term."

Tags: Lenovo
Previous Post
Sharp Reports Net Loss
Next Post
Google Develops Uber Competitor: report

Related Posts

  • All New Lenovo ThinkStation PGX

  • Lenovo at CES 2025

  • Leica completes trinity series for the SL-System

  • Lenovo AI-Driven Devices

  • Micron Delivers Crucial LPCAMM2 with LPDDR5X Memory for the New AI-Ready Lenovo ThinkPad P1 Gen 7 Workstation

  • Lenovo at CES 2024

  • Lenovo Unlocks New AI PC Experiences with ThinkPad and IdeaPad Laptops Powered by Intel Core Ultra Processors

  • Available Now – Lenovo ThinkPad X1 Fold

Latest News

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards
Gaming

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards

ASUS Announces ExpertCenter PN54-S1 Mini PC
Enterprise & IT

ASUS Announces ExpertCenter PN54-S1 Mini PC

SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC
Gaming

SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC

PlayStation Plus Monthly Games for October 2025
Gaming

PlayStation Plus Monthly Games for October 2025

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS
Cameras

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed