Diabytes
Lenovo revenue News
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The company, which lost the world`s largest PC maker crown to HP Inc in 2017, has seen its core PC business suffer from a shrinking market globally, while its smartphone business struggles to stay ahead of fierce competition.
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Chinese tech major Lenovo Wednesday said it is aiming a revenue target of USD 6 billion from India in the next three years and to be among the top 20 companies in the country.
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China`s Lenovo said Thursday revenue rose 20 percent in its past fiscal year, helped by its purchase of Motorola last year as the PC maker diversifies into the smartphone market, but net profit growth slowed to just one percent.
Net income rose to USD 214 million in the three months through June from USD 174 million in the same period a year earlier.
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