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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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Profits Rebounded From The Prior Quarter

During Lenovo's fiscal first quarter, profits had vanished as the company reported a $72 million loss—its first quarterly loss in nearly two years. But Lenovo reversed course in the second quarter, as net income reached $139 million. But while the second-quarter results were a major improvement over the prior quarterly period, they still represented a year-over-year decline in net income of 11 percent, showing Lenovo still has some ground to make up in the profitability department.

 
 
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