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Chinese PC maker Lenovo posts record profits and sales
2014/2/13
Lenovo, the world's largest PC maker, has posted record third-quarter profit on higher sales of laptops, tablets and mobile devices in emerging markets.
The Chinese firm said earnings rose 30% to $265m (￡159m) from a year earlier, beating analysts' estimates of $247m.
Revenues jumped by 15% to a record $10.8bn, led by sales in China.
Its strong performance comes after it paid more than $5bn to buy IBM's low-end server business and handset-maker Motorola Mobility from Google.
Lenovo chief executive Yang Yuanqing said the company had an "outstanding performance" last quarter.
"We are confident we will maintain this momentum in our existing businesses," he said in a statement. "Further, the Motorola and IBM server acquisitions that we just announced are a perfect fit with our PC Plus strategy."
"While our top priority now is full participation in the regulatory approvals process, I am confident that from day one after closing, these businesses will quickly begin contributing to our performance and develop into pillars for long-term, sustainable growth."
Lenovo said it shipped a record 32.6 million devices in the third quarter, or nearly five devices every second.
