Lenovo Reports Solid Fiscal Q4, Full-Year Financials
May 23, 2013 9:22 AM
Lenovo has a solid Q4 despite sluggish industry
Lenovo has released its earnings reports for its fiscal Q4 and full year, which ended on March 31. Lenovo posted record sales of $34 billion, which was an increase of 15% compared to the previous year. Lenovo reported year-end pre-tax income of $801 million, which is an increase of 38% year over year.
Earnings for the technology company reached a record of $635 million, which is an increase of 34% from the previous year. Lenovo also reports a 15.5% share of the overall market for the full year. Lenovo still seeks the number one position in the global computer market and is working hard to get there.
Revenues for Q4 totaled $7.8 billion Lenovo and gross profit for the quarter $963 million. That last number is an impressive 20% growth year-over-year. Basic earnings per share as reported by Lenovo were $1.22 per share leading Lenovo's board to declare a dividend of $1.81 per share.
“Despite a challenging macro-economic environment and ongoing PC industry transformation, Lenovo delivered a strong performance in the 2012/13 fiscal year. Not only were we the fastest growing among all major PC players, with record market share, revenue and profitability, more importantly, our smartphone and tablet businesses saw dramatic growth,” said Yang Yuanqing, Lenovo Chairman and CEO.
Lenovo is proving that it can weather the PC market downturn while competitors like
are still struggling. Lenovo is even reportedly looking to
double dip into IBM by purchasing its server business
(Lenovo already bought IBM’s consumer PC business back in 2005).
This article is over a month old, voting and posting comments is disabled
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
Dell Profits Shrink as Contenders Battle to Buyout Company
May 17, 2013, 9:32 AM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information