Lenovo delivers solid Q3 profit on strong sales

Summary:The PC maker also said it has nine percent worldwide market share, the highest total in its history

Lenovo delivered a solid fiscal third-quarter profit on strong PC sales in China and the US.

The PC maker reported an operating profit of $99m (£63m), a sum that doubled the second-quarter tally. Fiscal third quarter revenue was up 33 percent from a year ago to $4.8bn.

Lenovo also said it has nine percent worldwide market share, the highest total in its history. In a statement, the company said it has cut expenses and is operating efficiently using Lean Six Sigma in its supply chain to squeeze costs.

For more on this story, see IBM launches Lotus Symphony 3 beta; Office alternatives pile up on ZDNet.com.

Topics: Networking

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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