Lenovo doubles quarterly profits on cost cuts, strong PC sales

Lenovo doubles quarterly profits on cost cuts, strong PC sales

(Telecompaper) Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its divisions. Revenues were up 5 percent to USD 12.5 billion, driven by the PC business, and the net profit rose to USD 162 million from USD 77 million a year ago. 
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