Lenovo has announced that its income have jumped by a quarter in the fourth quarter of its financial year with desktops and mobile devices fuelling its development globally.
2014 has been a fantastic year for the Chinese technologies business following the headline-grabbing acquisitions of IBM's server small business and Motorola Mobility for $ two.3bn and $ 2.91bn respectively.
Both purchases allow it to expand its international footprint and capitalise on the growing Post- pc market.
Full year revenues grew 14% year-on-year to reach $38.7bn (about £23bn, AU$42bn), which means that Lenovo must comfortably surpass $40bn if it maintains this development rate. The company's income surpassed $1bn (about £600m, AU$1.1bn) for the initial time ever, up a whopping 27% year-on-year.
It consolidated its position as the largest individual computer system in the world with a close to 18% share of a industry that has been declining by eight % more than the last year.
Lenovo, a accurate global tech giant?
For the 1st time ever as well, EMEA revenues for the company surpassed those of mainland China, a fact which highlights Lenovo's lesser reliance on its classic residence base.
Laptops and desktops still account for the bulk of the company's income (80%) with smartphones and tablets accounting for a different 13%.
Lenovo shipped nearly 13 million units, adding a percentage point to its market place share, to four. six %, a figure that's bound to increase soon after the Motorola Mobility obtain. The firm will be searching to boost its operating profit margins which are at present in the single-digits.
IBM's low- end server small business unit is likely to give that a increase as it brings a 14% industry share to Lenovo along with the possibility to supply a much more complete finish -to- end option to firms dealing exclusively in Intel- primarily based hardware.
- Hello Moto: The true story behind Lenovo's major acquire.
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