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5 Things To Know From Lenovo's 'Solid' Q2 Results

Lenovo reported strong growth in its data center and PC businesses during the quarter, reversing course from its weak first quarter.

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Quarterly Revenue Surpassed Expectations

Lenovo reported that its fiscal 2018 second-quarter revenue reached $11.8 billion, an increase of 5 percent compared with the same period a year earlier. That was well above a consensus of analyst estimates, which had pegged the figure at $11.3 billion.

The results were also substantially better than Lenovo's first-quarter revenue—an 18-percent jump over the first-quarter sales of $10 billion. Revenue had been flat year over year during the first quarter, as well.

Lenovo pointed to growth in all three of its core businesses—data center, PC/smart devices and mobile—in announcing the quarterly results.

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