Menu
Lenovo posts income gains on strong laptop sales

Lenovo posts income gains on strong laptop sales

Lenovo reports double-digit percentage increases in sales and net income for its most recent quarter.

PC maker Lenovo Group posted double-digit percentage increases in sales and net income for its first fiscal quarter, boosted by laptop sales, the company announced Thursday.

Lenovo, based in Hong Kong, reported a net income of US$110 million for the quarter that ended June 30, up more than 65 percent from the $67 million net income in its first fiscal quarter of 2007. Sales for the quarter were up more than 10 percent from $3.8 billion in the first quarter of 2007 to $4.2 billion in the latest quarter, the company said.

The company's laptop sales totaled $2.4 billion for the quarter, up 17 percent from a year ago. Lenovo's laptop shipments increased 33 percent from last year. The company's desktop sales increased by just 3 percent. Overall, PC shipments increased by nearly 15 percent, about average growth for the PC industry, the company said.

Lenovo's Greater China division posted $1.7 billion in consolidated sales, up 22 percent from the year before, and its Americas division posted $1.1 billion in sales, the same amount as in the first quarter of 2007. The weak U.S. economy contributed to a lack of growth in sales there, the company said. Sales in Lenovo's Europe, Middle East and Africa region grew 26 percent from a year earlier, and sales in Asia Pacific, not including China, grew 11 percent.

Earnings per share for the quarter were $1.25.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments