• Group revenue up by almost 7% year-on-year to US$13.3 billion
• Pre-tax income (PTI) of US$332 million, up 38% year-on-year
• Net income up 31% year-on-year to US$213 million
• Software and services revenue* grew 38% year-on-year, to more than US$1 billion – now accounting for around 7.6% of Group revenue
HONG KONG-Thursday 13 August 2020 [ AETOS Wire ]
(BUSINESS WIRE)-- Lenovo Group (HKSE: 992) PINK SHEETS: LNVGY) today announced Group revenue in the first quarter of US$13.3 billion, up almost 7% year-on-year (up 10% year-on-year excluding currency impact). Pre-tax income grew 38% compared to the same quarter a year earlier, to US$332 million, while net income also increased by 31% year-on-year to US$213 million. Basic earnings per share for the first quarter were 1.80 US cents or 13.95 HK cents.
“Our outstanding performance last quarter proves that Lenovo has quickly regained momentum from the
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