Lenovo posts strong profits

Vendor's shipments increase by 42 per cent year-on-year
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Vendor's shipments increase by 42 per cent year-on-year

Lenovo has reported strong sales for its third quarter, ending on December 31st last year, showing year-on-year total revenue growth of 33 per cent.

Consolidated revenue totalled $4.8 billion, with gross margins of 11.1 per cent, compared to margins of 10.2 per cent last year. It also increased its shipments by 42 per cent year-on-year, compared to a 17 per cent growth in shipments for the IT market as a whole.

“The Board is especially satisfied with the performance of Lenovo in this quarter. This is not only because of its outstanding performance, but also of the impressive successes of our new products launched last month at the CES,” stated Lenovo’s chairman Liu Chuanzhi. “The Lenovo management is forward-looking and strong in strategic planning.”