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The world’s number 2 PC brand, China’s Lenovo, has released the results for its second fiscal quarter ended September 30th.
It posted a better-than-expected 88 percent rise, of nearly 144 million dollars in net profit versus 118 forecast - indicating continued strong growth despite slowing global growth and the rise of tablet devices.
Lenovo was helped by acquisitions and an increase in sales in emerging markets such as China. In a separate statement, the computer maker also said its Chairman, Liu Chuanzhi, had tendered his resignation, with Chief Executive Yang Yuanqing taking over the position.
Analysts say it won’t make any major changes in the company’s overall strategy. Lenovo’s Hong Kong listed shares jumped nearly 5 percent today, up about 12 and a half percent year to date.