Tech
Lenovo hits stride in third quarter
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.