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Lenovo reports impressive quarterly results

By Rocco Penn1 min readGoogle News

Lenovo outed its financial report for the quarter ending in September 2014 and the news is great for the Chinese manufacturer. Out of $10.5 billion in revenue, the company made $262 million in profit. As of September 30, the company has $3.2 billion in net cash reserves. Compared to last year, the company saw 7% increase in quarterly revenue with the pre-tax income also increased by 24%. Lenovo also boasts record high shipment of a total of 35.6 million smartphones, PCs and tablets.

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