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Hardware版 - lenovo is doing well, money wise
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Lenovo had a great quarter, ranked as #2 PC maker
The Lenovo Group reports that its fiscal year ending June 30, 2012 brought
with it a record market share for the company at 15%.
Lenovo’s net income increased by 30% year-over-year to $141 million. The
company is now the world's second-largest PC maker and it’s impressive to
see Lenovo grow so significantly during the quarter despite the fact that
overall PC shipments are down early 2% compared to last year.
Lenovo was able to increase its computer shipments for its fiscal Q1 by 24.4
% compared to the same quarter last year. This marks the 13th quarter in a
row that Lenovo has been able to outpace the overall computer industry. The
end of fiscal Q1 also marks the 11th quarter in a row that Lenovo has grown
faster than any other computer maker in the top four.
Lenovo reports balanced growth across all countries in customer segments as
well is all of its product lines. The company reports increased gross profit
margin for fiscal Q1 of 30% year-over-year. Lenovo group's operating profit
rose 48% compared to the same quarter of 2011. Basic earnings per share for
Lenovo during the quarter were $1.37 with net cash reserves at the end of
the quarter totaling $3.7 billion.
"Although the economic environment is somewhat similar to the 2008-2009
downturn, Lenovo’s results are much stronger because we have the right
strategy and great execution,” said Yang Yuanqing, Lenovo Chairman and CEO.
“Our businesses in emerging markets outside of China, our consumer business
and MIDH business all achieved rapid expansion, providing the balanced
pillars to support our overall performance. Our business in China and our
global commercial business maintained strong profitability, which allows us
to secure plenty of resources to invest in growth areas and ensure the
company’s overall healthy performance. Although we're in a challenging
environment, we are confident that by continuing to execute our Protect and
Attack strategy, Lenovo can achieve sustainable growth and healthy returns
in the PC+ era."
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