Lenovo Delivers Solid 2nd Quarter FY15-16 Operational Results

Lenovo Group has announced results for its second fiscal quarter ended September 30, 2015. Quarterly revenue was US$12.2 billion, a 16 percent year-over-year increase or 23 percent year-over-year in constant currency. Second quarter run rate pre-tax income, which excludes restructuring costs, one time charges, and non-cash, M&A-related accounting charges, was US$166 million, up 16 percent quarter-to-quarter, while Lenovo’s official reported Hong Kong Financial Reporting Standards (HKFRS) pre-tax loss was US$842 million**. Second quarter net loss was US$714 million.

Sourced through Scoop.it from: www.technuter.com

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