Lenovo Reports 19 Percent Jump in Q2 Profit



 Lenovo Reports

Lenovo staff Ltd, the sector’s biggest maker of personal computers (pHs), stated web income jumped 19 % within the 2d fiscal quarter, beating estimates, as it tightened its dangle over world computer sales even as the broader market contracted.

The company additionally introduced a dividend payment of HK$0.06 ($0.0077) per share to stockholders.

The Beijing-primarily based firm said $262 million (roughly Rs. 1,610 crores) in internet earnings, exceeding the $260 million (roughly Rs. 1,600 crores) anticipated by using analysts, according to Thomson Reuters smart estimates. Earnings for the three-month length rose 7 % to $10.5 billion (roughly Rs. 64,400 crores).

Lenovo Reports 19 Percent Jump in Q2 Profit on PC Sales

Lenovo is now ramping up its assault on new product markets after closing in contemporary weeks two multi-billion-dollar acquisitions for IBM’s low-finish server business andgoogle’s Motorola handset unit.

The company additionally named Jerry Yang, the Yahoo Inc co-founder, to its board of directors. Yang, who is also an Alibaba team preserving Ltd director, previously served as a Lenovo board observer.

Shares of Lenovo had been flat on the noon close prior to the earnings announcement, compared with a 0.1 % decline within the benchmark cling Seng index.