Lenovo quarterly sales climb in weak market
Lenovo Group reported a 10.5 percent increase in its fiscal first quarter revenues, despite a weakening global economy.
The computer maker reported revenues climbed to $4.2 billion in the quarter ending June 30, up from $3.8 billion a year ago. Shipments of PCs climbed 14.6 percent for the quarter.
"Despite a softening global economy, we delivered solid gains in worldwide sales," Yang Yuanqing, Lenovo chairman, said in a statement.
Sales in the Europe, Middle East, and Africa region, for example, increased by 26 percent, while Asia Pacific shipments grew 11 percent.
The Americas, however, continued to be affected by a weak economic environment, the company stated.
Lenovo posted earnings of $1.25 a share for the quarter, up from 78 cents the previous year.
Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn.
