Lenovo hits stride in third quarter

Summary:Revenue and profit jump in the company's fiscal third quarter as the PC maker takes its largest-ever share of the worldwide market.

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

The PC maker reported an operating profit of US$99 million, a sum that doubled the second-quarter tally. Fiscal third-quarter revenue was up 33 percent from a year ago to US$4.8 billion.

Lenovo also said that it has 9 percent worldwide market share, its highest total in its history. In a statement, the company said that it has cut expenses and is operating efficiently using Lean Six Sigma in its supply chain to squeeze costs.

Read more of "Lenovo sales surge; Company hits stride in third quarter" at ZDNet UK.

Topics: Hardware, Storage

About

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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