Lenovo delivered a solid fiscal third quarter profit on strong PC sales in China and the U.S.
The PC maker reported an operating profit of $99 million, a sum that doubled the second quarter tally. Fiscal third quarter revenue was up 33 percent from a year ago to $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.For the company (all resources), the results are proof that Lenovo has emerged as a fast-growing PC maker since the acquisition of IBM's PC business.
By the numbers (statement):