Lenovo hits stride in third quarter

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.

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TOPICS: Hardware, Storage
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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

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