Lenovo: the Q1 revenue and net profit were both above expected Lenovo Group released the 2020 Q1 report pointing out that its Q1 revenue was US $12.51bn, up 5% year-on-year, with the market forecast of US $12.49bn; Its net profit (profit should be accounted for by company equity holders) was US $162m, up 111% year-on-year, with market estimates of US $152.2m.
ISC in Frankfurt released its 53rd biannual list To kick off the festivities at the International Supercomputing Conference (ISC) in Frankfurt, Germany this morning, the Top500 — a project launched in 1993 to rank the most powerful computer systems globally as measured by the High Performance Linpack (HPL) benchmark — released its 53rd biannual list.
US Co. Applies to Initiate US 337 Probe against China's Devices; LENOVO (0992.HK) Involved On 22 May 2019, the US company Neodron applied to the US International Trade Commission (USITC) for initiation of 337 Investigation against China's Touch-Controlled Mobile Devices, Computers, and Components Thereof exported to, imported from and sold in the US , pursuant to Section 337 of the Tariff Act of 1930 of the US, as reported by Ministry of Commerce of the PRC Trade Remedy and Investigation Bureau.
Lenovo Partners with Multi-Sector Startups to Expand Data Market in India Lenovo is expanding its data center business in India by working with startups and the government, in the fields of manufacturing, finance, academia and health care. Lenovo has already invested $1.2bn in AI research and development and plans to upgrade its facilities in Chennai, India, to include services related to data centres.
Legend Holdings Corporation's First-Half Net Profit Increased by 5 Percent Year-on-year Legend Holdings Corporation today released its interim performance announcement for the six months ending June 30, 2018, which showed that the revenue of the company and its subsidiaries was 156.549 billion yuan in the first half of 2018, rising by 10% year-on-year. The equity holders of the company shall account for 2.83 billion yuan of net profit, increasing by 5% year on year.