Beijing November 2, Lenovo Group released the fiscal year 2017/18 fiscal year ended September 30, 2017. From the earnings report, we can see that Lenovo has bid farewell to the situation of multi-quarter loss, to achieve substantial growth, the tax Former profit reached 35 million US dollars, due to tax credit net profit of 153 million US dollars, an increase of 5%.
Lenovo and Fujitsu today officially reached an agreement to set up PC business joint venture, Lenovo, Fujitsu and Japan's policy investment bank tripartite will jointly set up a joint venture company Lenovo and Fujitsu transaction amount of 178.5 billion yen (about 153 million U.S. dollars), Fujitsu will Sold its 51% stake in its wholly-owned subsidiary, Fujitsu Client Computing Equipment Co., Ltd. to Lenovo.
Financial data show that in the second quarter, Lenovo's total turnover of 11.8 billion US dollars, an increase of 5% over the same period last year to achieve pre-tax profits of 35 million US dollars, while the previous quarter, Lenovo's pre-tax loss of 72 million US dollars. This means that in just one quarter, Lenovo realized more than 100 million US dollars of profit reversal, bid farewell to the operating losses, return to profitability.
According to IDC, Lenovo's global market share of 21.6% by the third quarter of 2017, plus Fujitsu's 4% and Lenovo + Fujitsu's estimated 25% share (estimated) have become the first in the world in fact .
Beijing November 2, Lenovo Group released the fiscal year 2017/18 fiscal year ended September 30, 2017. From the earnings report, we can see that Lenovo has bid farewell to the situation of multi-quarter loss, to achieve substantial growth, the tax Former profit reached 35 million US dollars, due to tax credit net profit of 153 million US dollars, an increase of 5%.
Lenovo and Fujitsu today officially reached an agreement to set up PC business joint venture, Lenovo, Fujitsu and Japan's policy investment bank tripartite will jointly set up a joint venture company Lenovo and Fujitsu transaction amount of 17.85 billion yen (about 153 million U.S. dollars), Fujitsu will Sold its 51% stake in its wholly-owned subsidiary, Fujitsu Client Computing Equipment Co., Ltd. to Lenovo.
Financial data show that in the second quarter, Lenovo's total turnover of 11.8 billion US dollars, an increase of 5% over the same period last year to achieve pre-tax profits of 35 million US dollars, while the previous quarter, Lenovo's pre-tax loss of 72 million US dollars. This means that in just one quarter, Lenovo realized more than 100 million US dollars of profit reversal, bid farewell to the operating losses, return to profitability.
According to IDC, Lenovo's global market share of 21.6% by the third quarter of 2017, plus Fujitsu's 4% and Lenovo + Fujitsu's estimated 25% share (estimated) have become the first in the world in fact .
