Lenovo quarterly sales up 18%, profits rise 23%

Thursday 14 August 2014 | 09:09 CET | News
Lenovo reported revenues for its fiscal first quarter of USD 10.4 billion, up 18 percent year-over-year. Its gross margin came in at 13 percent, and operating profit rose 40 percent to USD 283 million. Net earnings were up 23 percent to USD 214 million. The company grew PC shipments 15 percent to 14.5 million units, again outperforming the industry and strengthening its market share to 19.4 percent. The company claimed third place in the global tablet market, with shipments up 67 percent to 2.3 million units. Lenovo said it also sold more smartphones than PCs for the first time, with record

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Categories: IT / Mobile & Wireless
Companies: Lenovo
Countries: World
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