China's PC giant Lenovo picked up steam as orders for office computers jumped.
Its net profits soared 54 percent year on year to reach $153 million in the quarter ending on December 31, 2011. Its revenues totaled $8.4 billion, up 44 percent.
Lenovo maintained momentum despite a sluggish PC market caused by the global economic downturn.
The company has surpassed Dell to become the world's second largest vendor.
Lenovo has attributed its success to a focus on strengthening its PC business in China, as well as emerging markets such as Russia and India.
"The outlook of China's PC market remains bullish thanks to a buoyant economy," said Yang Yuanqing, CEO of Lenovo.
"Meanwhile, low user penetration in smaller cities means great potential for growth," said Yang. |