Earnings: Lenovo, EDS
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Lenovo, which manufactures personal computer released quarter end, consolidated revenue for the quarter grew 13 percent, year over year to US$3.9 billion.
- Quarterly revenue of US$3.9 billion, up 13%
- Quarterly EBITDA (excluding restructuring) of US$182 million, up 125%
- Pre-tax income (excluding restructuring) of US$123 million, up 258%
- Profit attributable to shareholders (including restructuring) of US$67 million
- Basic EPS of 0.78 US cents, or 6.10 HK cents, including restructuring charges
- Net cash reserves of US$1.3 billion (as of June 30, 2007)
EDS, the global technology services company reported Q2 results adjusted net income of $143 million, or 27 cents per diluted share, versus
second quarter 2006 adjusted net income of $107 million. Second quarter revenue increased 5 percent to $5.45 billion from $5.19
billion in the year-ago quarter(1).
- Second quarter adjusted EPS of 27 cents, up 35% versus a year ago
- Second quarter revenue of $5.45 billion, up 5% versus a year ago
- Continue aggressive change management activity in 2008
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