Analyst Commentary

Lenovo enjoys a strong quarter almost across the board

Lenovo reported double-digit revenue and operating profit growth as its core PC and Smart Devices (PCSD) business thrived with 15.9% annual revenue growth and its Data Center Group enjoyed 43.8% year-to-year growth. The Moto mobile devices business shrunk, however, recording a 24.3% reduction in revenue. Profitability improved across all three groups, with increased PC pre-tax income, and reduced pre-tax losses in both data center and smartphone businesses. Lenovo can now see the light at the end of the tunnel as PCs continue to be a cash co...

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