Higher Overseas Sales Causes Lenovo Profit to Nearly Double Up

lenovo_757769fChinese PC manufacturer Lenovo has reported better-than-expected incomes for the first quarter on upper overseas and commercial sales.

Lenovo said net income was $108.8m (£65.8m) for the three months to the last part of June, a 98% flow compared with the same period last year.

The surge was driven by rising markets, with a 46% hop in consignments.

The newest numbers helped Lenovo turn out to be the third biggest PC vendor of the world by total shipments.

Liu Chuanzhi, chairman of Lenovo said, “Our business continues to climb and everything has been executed well according to our original plans.”

As Lenovo has stated healthy expansion in current years, the company cautioned that the present worldwide economic environment created a risk going onward.

According to Lenovo, “Challenges to worldwide PC demand remain such as the pace of global economic recovery and the ongoing debt crisis in western Europe.”

There have been concerns that a slowdown in the US coupled with the liability crisis in Europe might hit demand.

Lenovo’s warning arrived after PC-manufacturer Dell sliced its sales growth forecast on Tuesday, charging a “more uncertain demand environment.”

According to the analysts, the Chinese PC-manufacturer was better placed that its competitors withstand a slowdown.

Gokul Hariharan of JP Morgan said, “I don’t think Lenovo’s exposure to the public sector is that big.”

He added, “Because of that, they are likely to be much better off in terms of growth.”