Lenovo Q2 net profit rises 36%, beats forecasts
   
Quotes

Lenovo Q2 net profit rises 36%, beats forecasts

Last Updated: Thursday, November 7, 2013, 11:52
 
 Comment 0
 
Lenovo Q2 net profit rises 36%, beats forecasts
Beijing: China`s Lenovo Group Ltd, the world`s number one manufacturer of PCs, said net profit jumped 36 percent in its fiscal second quarter, beating estimates as it continues to chase growth through acquisitions.

Lenovo, with a 17.3 percent share of worldwide PC shipments according to research firm IDC, reported net profit of USD 219.7 million for the July-September period and said it remains confident the Chinese economy is recovering.

Marking more than three straight years of double-digit quarterly profit growth, Lenovo`s second-quarter net profit compared with USD 162 million a year earlier, and a USD 199.12 million consensus forecast on Thomson Reuters Starmine SmartEstimate.

Lenovo has been aggressively pushing into smartphones and servers as it seeks alternative channels of income to the shrinking PC market, which contracted 7.6 percent in the quarter ending September according to IDC data.



Reuters

First Published: Thursday, November 7, 2013, 11:52


Comments


comments powered by Disqus
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved