Lenovo's Moto shipments were up almost 40 percent from the previous quarter "due to Moto G (pictured) and successful launches of new Moto Z and Moto Mods". The world's biggest PC vendor has announced its second-quarter results, with a return to profit despite tough PC and server markets. Revenue stood at $11.2 billion, an eight percent decrease year-over-year, and a 12 percent increase over its first financial quarter. Pre-tax income for the second quarter was $168 million compared to a loss of $842 million in the same quarter last year. Net income stood at $157 million compared to $714 million in last year's second quarter.
Lenovo has reported strong Q2 2018 earnings on the back of PC, smartphone, and tablet sales. On Thursday, the Hong Kong-based company announced its financial results for the second quarter ending September 30, 2018. Group revenue reached $13.4 billion, up 14 percent year-over-year (18 percent at constant currencies), which is the highest quarterly revenue report for close to four years. Profit attributable to shareholders increased to $168 million. Lenovo reported basic earnings per share of $1.14, or 11.06 HK cents, leading to the distribution of an interim dividend of 6.0 HK cents per share.
Lenovo has published its first quarter results for the 2017 financial year, indicating that while it was impacted by year-over-year industry declines, it was able to improve its profit year-on-year through new products. The company reported quarterly revenue was down 6 percent year on year to 10.1 billion, but net income for the period increased 64 percent year-on-year to 173 million. The decrease illustrated by the former was reflective of the company's individual business groups. For instance, its PC and Smart Device Business Group, which includes PCs and tablets, was down 7 percent year-over-year to 7 billion, despite reporting the tablet business being profitable. Mobile Business Group quarterly sales dipped 6 percent to 1.7 billion, while the Datacentre Business Group reported a pretax income loss of 64 million, with Lenovo saying its DCG business continues to face "stiff challenges" in mature markets.
No stranger to the world of preloading software on devices -- especially after the Superfish furore -- Lenovo is back at it, this time teaming up with Microsoft. As part of a deal signed with Redmond, Lenovo will preinstall Microsoft Office, Skype, and OneDrive onto a number of its Android devices, as an expansion of a patent agreement between Microsoft, Lenovo, and Lenovo's Motorola brand. The pair did not disclose which devices would get the apps, and said only that Lenovo expects to ship millions of preloaded devices in the next several years. "Microsoft's thrilled that our productivity apps will be pre-installed on Lenovo's premium devices," said Nick Parker, Microsoft corporate vice president OEM Division, in a statement. "The marriage of Microsoft's apps and Lenovo's Android-based devices will enable customers around the world to be more productive, more connected and achieve even more."