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Profits Return, But Sales Slip: 5 Key Takeaways From Lenovo's Latest Financial Results

Lenovo is coming off several quarters of sales declines and seemingly constant change in its executive ranks. Here are five things partners should know about Lenovo's current financial position.

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The More Things Change

Facing intense competition from Dell EMC, HPE, HP Inc. and data center upstart Huawei, Lenovo is busy remaking its executive leadership team and channel program as it pushes ahead with plans to do battle on the software-defined front and prove itself as a bona fide global data center player.

The reinvention is coming two years after the company admittedly mishandled integration of IBM's x86 server business, and the company is now coming off of several quarters of sales declines and seemingly constant change in its executive ranks.

Lenovo, which does nearly 90 percent of its business through the channel, says it now has a firm foundation for its data center business, as well as a stable executive team able to push the company into growth mode and take on the industry's biggest data center players. The company posted a profit for both its full fiscal year and its fiscal fourth quarter ended March 31. However, its quarterly sales fell 4 percent amid a PC market that continues to contract and steep declines in its data center business.

Here are five things solution providers should know about Lenovo's financial position today.

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