Feeds

Notebook sales lead Lenovo in Q1

Revenues solid in 'soft' economy

Secure remote control for conventional and virtual desktops

Lenovo said today that revenues were up 10 per cent during its fiscal first quarter, boosted by strong notebook sales and an expanding market in China.

The Beijing-based firm, which is the world's fourth biggest computer maker, reported net income of $110m for the quarter that ended June 30, up from $66.8m a year earlier. Revenues were $4.2bn, up from $3.9bn a year ago.

“Despite a softening global economy, we delivered solid gains in worldwide sales, PC shipments and profits, achieving our seventh consecutive quarter of profitable growth with positive operating results in our international business,” said Chairman Yang Yuanqing in a statement.

The notebook market continues to be Lenovo's biggest money maker. Notebook revenues grew 17 per cent to $2.4bn, contributing 57 per cent of total sales during the quarter.

Desktop sales increased only 3 per cent year-over-year to $1.7bn.

Lenovo continues to lead China's computer market with $1.7bn in sales during the quarter, up 22 per cent from last year. The Americas accounted for $1.1bn of sales. Europe, Middle East and Africa contributed $904m. Asia Pacific sales (excluding Greater China) totaled $497m.

The company told investors during its quarterly conference call that it believes joining as a worldwide partner for the Beijing Olympics will help better establish a world recognized brand.

"The global spotlight is shining on Lenovo, our products and our people," said CEO William Amelio.

According to IDC, Lenovo's share of global PC shipments fell slightly to 7.9 per cent of the total market during the quarter from 8 per cent a year earlier. ®

The essential guide to IT transformation

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?