BETTER THAN EXPECTED: China's Lenovo Group Ltd, the world's biggest personal computer maker, said net profit jumped over a third to a quarterly record as it extended its cruise into smartphones and data servers to offset a global decline in PC sales. — Reuters
BEIJING: China's Lenovo Group Ltd, the world's biggest personal computer maker, said net profit jumped over a third to a quarterly record as it extended its cruise into smartphones and data servers to offset a global decline in PC sales.
Reporting net profit rose a better-than-expected 36% in July-September, Lenovo said on Thursday it will continue to chase acquisitions while mining growth in the market for cloud computing and back-end information storage that's lured companies from rival IBM to Internet retailer Amazon.com Inc.
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