Computer maker Lenovo Group said its latest quarterly profit declined 5
per cent, reflecting its acquisition of the unprofitable Motorola mobile
phone business.
Lenovo said on Tuesday it earned $253 million, or $2.30 per share, in
the three months ending in December. Revenue rose 31 per cent to $14.1
billion.
The profit decline reflected the integration of Motorola into Lenovo.
The acquisition closed in October and Lenovo included two months of
Motorola’s operations in its results.
Lenovo said its transformation into a supplier of a mobile devices and
enterprise products was proceeding quickly. The company said mobile
devices accounted for 24 per cent of its revenue, while the share
contributed by sales of its traditional personal computers declined from
81 percent to 65 per cent.
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