Lenovo delivers strong results from enterprise upgrades

Summary:Lenovo's fiscal third-quarter results have shown growth, as the company gains ground with enterprise PC upgrades and sales of the ThinkPad

Lenovo delivered strong fiscal third-quarter results as it gained share in China and rode the ThinkPad as corporate PC upgrades continued.

Lenovo ThinkPad results

Lenovo's strong fiscal results also saw the company gain ground in emerging markets. Credit: Lenovo

The PC maker delivered strong growth and maintained its global market share at 10.2 percent, with a 32.2-percent market share in China. Meanwhile, Lenovo continued to gain ground in emerging markets.

The company reported fiscal third-quarter net income of $100m (£62m), or 98 cents a share, on revenue of $5.8bn, up 22 percent from a year ago. Those results were in line with expectations. Lenovo chief executive Yang Yuanqing said the company was focused on building its global brand and tackling the mobile market. Yuanqing also indicated that the corporate PC upgrade cycle is likely to continue.

For more on this ZDNet UK-selected story, see Lenovo rides ThinkPad, enterprise upgrade cycle, China to strong third quarter on ZDNet.com.


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Topics: Tech Industry

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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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