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Lenovo Fiscal-Year Profit Up 34%

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Lenovo Group (OTC: LNVGY) reported a 34% rise in its net profit for the fiscal year ended March.

Lenovo's net profit for the year surged to $635.15 million, versus $472.99 million, in the year-ago period. However, analysts were expecting a profit of $618.24 million.

Its revenue climbed 15% to $33.87 billion from $29.57 billion, versus estimates of $34.09 billion.

Lenovo shares closed at $18.52 yesterday.

Posted-In: profitEarnings News

 

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