Profit for the three months ended Sept. 30 was $77 million,
or 81 cents per share, up from $53 million a year earlier, the company
announced. Global sales rose 41 percent over a year earlier to $5.8 billion.
“We had another quarter of solid growth across all
geographies,” said chief financial office Wong Wai Ming in a conference call
with reporters.
Sales in Lenovo’s home China market rose 32 percent over a
year earlier to $2.6 billion, accounting for 46 percent of global revenues. It
said market share in China rose 2.3 percentage points to 28.8 percent.
In other emerging markets, PC shipments rose 185 percent in
Russia over a year earlier, 68 percent in Latin America and 60 percent in
India, according to Lenovo, which has headquarters in Beijing and in Research
Triangle Park, North Carolina.
Sales in the United States and other developed markets also
began to recover as spending by corporate customers picked up. Lenovo said its
global market share rose 1.9 point to 10.4 percent.
“We have good momentum to keep growing, especially outside
China,” said CEO Yang Yuanqing.
Lenovo acquired IBM Corp.’s PC unit in 2005 and expanded
into wireless computing this year, launching its Lephone smart phone and two
Web-linked portable computers.
Lenovo said its mobile unit had sales of $217 million in its
first full quarter of operations. The company has announced plans with two
Chinese state-owned phone carriers, China Telecom Ltd. and China Unicom Ltd.,
and with South Korea’s SK Telecom to distribute smart phones.
