Fiscal year
Business Concept
Lenovo Q2 net more than doubles"Lenovo expects the market environment (to) continue to pose challenges for the group during the second half of the fiscal year as commercial demand remains soft," the company said in a statement filed to the Hong Kong stock exchange. In this article: Lenovo, China, Hong Kong Stock Exchange, Dell, Beneficiary, Revenue, Fiscal year, Acer, IDC, and Google |
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MarketWatch.com - MarketPulse | May 21, 2009
Lenovo fiscal-year net loss of $226.4 million
Lenovo fiscal-year net loss of $226.4 million HONG KONG (MarketWatch) -- Lenovo Group Ltd. (hk:992) (lnvgy) reported Thursday a fiscal-year net loss of $226.4 million, or 2.56 U.S. cents per share, compared to a year-earlier net income of...
In this article: Lenovo Group, Revenue, MarketWatch, U.S., and Hong Kong
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Reuters | August 04, 2008
PREVIEW-No.4 PC maker Lenovo's Q1 to show slowest rise in year
...forecast by Gartner. Lenovo derived nearly 40 percent of its revenue from China -- it commands a third of the world's top PC arena after the United States -- and 28 percent from the Americas in the last fiscal year. Analysts also expect...
In this article: Lenovo, China, Acer, IDC, Asia, Europe, Dell Inc, IBM, Hewlett-Packard, and United States
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The Australian | January 07, 2009
Lenovo to cut 2500 jobs, flags Q3 loss
...per cent by early afternoon (AEDT). Lenovo said it expected to book a pre-tax restructuring charge of $US150 million ($211 million) in the fourth quarter of the current fiscal year ending March 2009. In November, Lenovo said its fiscal...
In this article: Lenovo, Merrill Lynch, Revenue, Yang Yuanqing, IBM, Microsoft, China, and Hong Kong
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Computer World | January 06, 2009
Lenovo to lay off 2,500 staff, cut management pay
...the current quarter, as a result of these changes. Looking ahead, the company hopes to save US$300 million during its upcoming 2009/2010 fiscal year, which ends on March 31, 2010. The layoffs, described as part of a "resource...
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BusinessWire India | September 14, 2007
The Global Leader in News Distribution
...per share for the 2006/07 fiscal year of 1.87 US cents (or 14.61 HK cents) versus 0.25 US cents (or 1.95 HK cents) for the 2005/06 fiscal year. About Lenovo Group Ltd. Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the...
In this article: Lenovo Group, Revenue, Tax, China, and Customer satisfaction
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New York Times | January 07, 2009
Lenovo Cuts 2,500 Jobs
...of about $300 million in the fiscal year ending March 2010, it said Thursday. The company said it would book a charge of about $150 million this fiscal year. Lenovo, which makes Thinkpad laptops, said it probably had a "material loss" for...
In this article: Lenovo Group, New York, Hong Kong, and China
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PR Newswire: Financial | May 01, 2009
Comarco Reports Fiscal 2009 Fourth Quarter and Full Year Financial Results
"Over the next fiscal year, Comarco will focus on building our worldwide retail presence through Targus, expanding our relationship with Lenovo, and continuing to pursue another win in the OEM marketplace," continued Mr. Inman. "With...
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Lenovo fiscal 2008 net profit jumps to $484 million, up 200%
HONG KONG (MarketWatch) -- Lenovo Group Ltd.'s net profit for the fiscal year ended March 31 tripled, owing in part to solid shipments of personal computers in China and to global businesses customers, financial results showed Thursday.
In this article: Lenovo, Hong Kong, ThinkPad, China, Asia, Africa, and Europe
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AFP Finance News | May 21, 2009
PC maker Lenovo reports & #36;226.4m annual loss
...loss HONG KONG (AFP) - China's Lenovo, the world's fourth largest maker of personal computers, on Thursday reported a net loss of 226.4 million US dollars in the 2008-09 fiscal year citing structural changes and weak sales. The company...
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Description from Wikipedia:
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation require such reports once per twelve months, but do not require that the period reported on constitutes a calendar year (i.e., January through December). Fiscal years vary between businesses and countries.
In addition, many companies find that it is convenient for purposes of comparison and for accurate stock taking to always end their fiscal year on the same day of the week, where local legislation permits. Thus some fiscal years will have 52 weeks and others 53. Major corporations that adopt this approach include Cisco Systems and Tesco.
In the United Kingdom, a number of major corporations that were once government owned, such as BT Group and the National Grid, continue to use the government's financial year, which ends on the last day of March, as they have found no reason to change since privatisation.
Nevertheless, for about 65% of publicly traded companies in the United States and for a majority of large corporations in the UK and elsewhere, except in Australia, New Zealand and Japan, the fiscal year and calendar year are identical. Many universities have a fiscal year which ends during the summer, both to align the fiscal year with the school year, and because the school is normally less busy during the summer months.
Some media/communication based organizations use a Broadcast calendar as the basis for their fiscal year.
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