Chinese tech giant Lenovo Group Ltd said on Thursday that it remains positive about its performance for the rest of the year and is well-positioned to capitalize on the market trends of information consumption upgrade, infrastructure upgrade and application upgrade.
The company said its optimism was boosted after it recorded the fastest-growing earnings in almost a decade during the fiscal fourth quarter that ended in March.
Yang Yuanqing, chairman and CEO of Lenovo, said the company"s revenue from January to March grew 48 percent on a yearly basis to $15.6 billion on the back of growth across all of its businesses. Lenovo also reported the highest profit growth rate in two years, with pretax income of $380 million and net income of $260 million, up 392 percent and 512 percent, respectively. |