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Old 8th February 2016, 09:14   #1
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Default Lenovo has poor results

Lenovo saw shares plunge by more than 10 per cent after it reported that quarterly revenues fell for the first time in more than six years.

Lenovo has released its financial report for the third quarter of fiscal year 2015 posting revenues of $12.913 billion, gross margin of 14.6 per cent, operating profit of $379 million and net profit of $300 million.

The outfit's chairman Yang Yuanqing said in a statement that its results "were impacted by the global macro-economic slowdown, currency fluctuations in key markets, and PC market decline".

http://fudzilla.com/news/39884-lenovo-has-poor-results
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