Lenovo's Three-Wave Strategy Delivers Strong Revenue and Earnings in Third Quarter FY2017/18
- Global Technology Leader in Pc, Data Center and Mobile Grew Revenue 6.3 Percent Year-over-year to Us$12.9 Billion, Highest in 3 Years
- Pre-tax Income Quadrupled to Us$150 Million Compared to Q2 Fy2017/18
- Data Center Group Posts Highest Revenue in Two Years
- Shipped 15.7 million PC units, flat year-over-year. Revenue grew 7.6 percent compared to last year’s Q3 to US$9.3 billion, and up 10.4 percent from the prior quarter – the 5th consecutive quarter of year-to-year revenue growth. The company maintained its industry-leading margin.
- Momentum was particularly strong across the globe with double-digit revenue growth year-over-year in EMEA, Asia Pacific (AP) and Latin America (LA).
- Latin America’s performance stood out with Lenovo market share now at 20% driven by strong growth in Brazil.
- Highest quarter revenue in two years at US$1.2 billion, up 16.7 percent year over year and 25.5 percent sequentially.
- All geographies achieved double-digit growth and margin improvement. North America and EMEA saw their third straight quarter of year-over-year revenue growth.
- China returned to year-over-year revenue growth and margin improvement, thanks to a stabilized Hyperscale business and success with High Performance Computing and Software Defined Infrastructure.
- Extended number one ranking in x86 customer satisfaction, according to TBR (Technology Business Research), for the 8th straight quarter. Additionally the team added 88 new world record workload benchmarks – four times more than any other industry player.
- Revenue of US$2.1 billion was down 5 percent from a year earlier, but flat compared to the prior quarter.
- Latin America remained the strong core of the business, seeing double-digit revenue growth (+37%) and strong profitability.
- 5 million Moto Z handsets have now been shipped globally, with activation rates for MODS up 64% year-to-year.
- Lenovo saw the Moto brand strengthen in Western Europe, with shipments up 23 percent compared to the same period a year ago.
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