Lenovo hits stride in third quarter

Revenue and profit jump in the company's fiscal third quarter as the PC maker takes its largest-ever share of the worldwide market.

Lenovo delivered a solid fiscal third-quarter profit on strong PC sales in China and the U.S.

The PC maker reported an operating profit of $99 million, a sum that doubled the second-quarter tally. Fiscal third-quarter revenue was up 33 percent from a year ago to $4.8 billion.

Lenovo also said that it has 9 percent worldwide market share, its highest total in its history. In a statement, the company said that it has cut expenses and is operating efficiently using Lean Six Sigma in its supply chain to squeeze costs.

Read more of "Lenovo sales surge; Company hits stride in third quarter" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

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