Chinese PC maker Lenovo, the world's second largest computer maker,announced fourth quarter financial results yesterday, revealingrecord sales and a 59% rise in quarterly profits as it took fulladvantage of booming sales on its home turf and emerging markets. While the PC industry as a whole has struggled to maintain consumerdemand for computers, the Beijing-based computer manufacturer hascontinued its growth spurt with a 44% increase in worldwideshipments during the fourth quarter as well as reporting anincrease of 46% in operating profits over the same quarter lastyear. Sales for the fourth quarter period rose by 54% to $7.5billion, with a record pre-tax income increase of 69% to $102million. "During the fourth fiscal quarter, Lenovo was the fastestgrowing among the top PC vendors in Global Emerging Markets, andCommercial Markets, as well as Consumer Markets and Mature Markets,where for the first-time ever, we reached double-digit market sharein both. We furthered our leadership position in the GlobalEmerging Markets, in which Lenovo already achieved doubledigit-market share in 15 markets and became number one inIndia," said Yang Yuanqing, Lenovo's Chairman and CEO in a statement. For the full fiscal year ended in March, Lenovo reported that PCshipments grew by 34.9% year-over-year, with gross profit up 46% to$3.4 billion. The firm's operating profit jumped 53% percent to$584 million. "The 2011/12 fiscal year was a record-setting year for Lenovo,where we set an all-time high for revenue, shipment, market shareand pre-tax income. Our fiscal year ended impressively with strongmomentum. Lenovo"s global PC shipments grew by 35%year-over-year, outperforming the industry by ten times, globalmarket share increased by three percentage points, and net profitjumped by 73% year-over year," said Yuanqing. Laptop shipments increased by 44% during the fourth quarter period,with the category accounting for 56% of the firm's total sales,with consolidated sales up 41% to $4.2 billion year-on-year.Desktop PC shipments grew by 43% worldwide, year-on-year, and salesof desktop computers grew by 45% to $2.4 billion, accounting for32% of the firm's total worldwide sales. I am an expert from idaccessory.com, while we provides the quality product, such as Custom Medical ID Bracelets , Tamper Evident Security Seals Manufacturer, Conference Name Badge Holders,and more.
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