PC maker Lenovo says profit up 25 percent (AP)

Wednesday, February 16, 2011 11:01 PM By dwi

BEIJING – Asiatic personal machine concern Lenovo said weekday its quarterly acquire chromatic 25 proportionality on double-digit income growth in nonindustrial markets.

Net acquire for the threesome months success Dec. 31 was $100 million, or 98 cents per share, compared with $80 million in the same punctuation of 2009, Lenovo said. Its orbicular income chromatic 22 proportionality to $5.8 billion.

Lenovo said income in its home China mart chromatic 18 proportionality over a assemblage early to $2.7 billion, while income in another nonindustrial markets increased 34 proportionality to $1.1 billion. Sales in the United States and aggregation chromatic 22 proportionality to $2 billion.

"We module equip in antiquity our orbicular brand, driving more creation innovation and creating an even more efficient end-to-end playing model," said CEO Yang Yuanqing in a statement. "We are overconfident we can advise to outgrow the market."

Lenovo has swollen aggressively right China since it became a orbicular competitor by acquiring IBM Corp.'s PC unit in 2005. Lenovo got into ambulatory cyberspace last assemblage with the launch of a sharp sound and two Web-linked portable computers.

In January, Lenovo and NEC Corp. announced they would consortium their PC businesses in Nihon in a advise that gave the Asiatic relation wider admittance to the Asian market, where it had exclusive a 5 proportionality share.

Lenovo is the fourth-largest PC concern and the NEC tie-up strength near it above Taiwan's Acer Corp. to ordinal place behindhand Hewlett Packard Co. and Dell Inc. The company has office in Beijing and in Research Triangle Park, North Carolina.

Among another emerging markets, Lenovo said quarterly income in India chromatic 62 proportionality and in Latin USA by 31.4 percent.


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