Lenovo reports 20% rise in full-year revenuesMay 21, 2015 - 11:46 AMT PanARMENIAN.Net - China's Lenovo, the world's biggest personal computer maker, has reported a 20% rise in full-year revenues. Revenues for the year to the end of March rose to $46.3bn, with the firm's mobile phone business contributing some $9.14bn of the total. The revenues have been helped by the purchase of Motorola in 2014, which has made it the world's third-largest smartphone maker, according to BBC News. However, net profits grew by just 1% to $829m, missing expectations. Lenovo bought Motorola and IBM's low-end server unit last year in an attempt to diversify beyond the PC business. The firm said it had been "another record year for Lenovo with a more diversified business", but put its poor net profit result down to increased operating expenses. Lenovo said its mobile business, including Motorola, had "delivered record shipments and built a more globally balanced business". The Beijing-based giant also said its market share in the global personal computer sector had grown to a record high of 20.9%. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |