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 making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments