Lenovo quarterly revenue rises 31 percent to $14.1 billion

Reuters News
Posted: Feb 02, 2015 7:13 PM

BEIJING (Reuters) - Lenovo Group Ltd <0992.HK>, the world's leading PC maker, said on Tuesday its third quarter revenue rose 31 percent to $14.1 bln as its smartphone business continued to expand.

The company said net profit was $253 million, down from $265 million a year prior.

Beijing-based Lenovo completed two multi-billion dollar acquisitions in recent months - leading phone brand Motorola and IBM's low-end server unit - to expand its business beyond the declining PC market.

(Reporting by Gerry Shih; Editing by Paul Tait)