Lenovo Boosts Profit 60% on Medion, NEC PC Acquisitions
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Lenovo Group Ltd., the world’s second-biggest maker of personal computers, posted a 60 percent increase in fourth-quarter profit as acquisitions in Germany and Japan helped boost shipments and market share.
Net income climbed to $67 million in the three months ended March 31 from $42 million a year earlier, Lenovo said in a statement today. That beat the $63.1 million average of nine analyst estimates compiled by Bloomberg. Revenue rose 54 percent to $7.5 billion.