Lenovo, the world's fourth-largest PC maker, reported a 17 per cent jump in sales for the last fiscal year, led by continued strong PC demand in China and other markets for its ThinkPad laptops and ThinkCenter desktops.
Lenovo's sales for the fiscal year ended on March 31 were US$16.4 billion, while net income was $485 million, the company said in a filing with the Hong Kong stock exchange. By comparison, the company had sales of $14 billion and net income of $161 million in the preceding fiscal year.
China, Hong Kong and Taiwan together accounted for 37 per cent of Lenovo's sales during the fiscal year, with unit shipments of computers up 27 per cent compared to the previous year. Lenovo said a strong Olympics marketing program helped to push Chinese sales higher.
Other regions also clocked solid growth for Lenovo. The Americas, Lenovo's second-largest market, accounted for 28 per cent of sales, with shipments rising 13 per cent during the fiscal year. Europe, which represented 13 per cent of Lenovo's sales, saw shipments grow at a faster rate, up 23 per cent over the previous fiscal year. Asia, which accounted for 13 per cent of sales, saw shipments rise by 18 per cent.
Business laptops made up the bulk of Lenovo's sales, at 58 per cent, but desktops also turned in a strong performance. Lenovo saw desktop shipments rise 13 per cent during the fiscal year, much faster than the 4 per cent increase in desktop shipments for the market as a whole, Lenovo said.