Analyst Commentary

Lenovo's PC and Smart Devices Group guides Lenovo to 4Q17 revenue growth

Lenovo grew revenue to $12.9 billion in 4Q17, a year-to-year increase of 6.3%. The company grew its gross profit by 10% year-to-year to $1.8 billion in 4Q17, and explained that gross profit gain was a result of improved product mix in its PC and Smart Devices Group (PCSD) and Data Center Group (DCG), although gains were partially offset by increased component costs. Lenovo expanded its operating profit by 48% to $204 million, which the company attributes to gross margin performance in PCSD and narrowed operating losses in its DCG and Mobile Bus...

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