Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017
Submitted by Rick Whiting on
Lenovo Group
CEO: Yang Yuanqing
Dec. 30, 2016: $12.00
June 30, 2017: $12.71
Change: +5.92%
Lenovo has faced tough competition from Dell EMC, Hewlett Packard Enterprise, Cisco Systems and other vendors in the market for data center systems. In March the company hired former Intel executive Kim Stevenson as senior vice president and general manager of the Data Center Group.
In June the company unveiled its first full-fledged data center product portfolio under the ThinkSystems brand, including high-performance servers, all-flash storage systems and SAN products.
For its fiscal 2017 ended March 31, Lenovo reported revenue of $43.03 billion, down more than 4 percent from $44.91 billion in fiscal 2016. But the company reported net income of $530.4 million for fiscal 2017 compared with a $144.6 million loss the year before.