Lenovo’s quarterly profit and revenue increased

In its fiscal first quarter ended at the end of June, Lenovo’s profit after tax increased by 38 percent year-on-year to $243 million, or $1.99 per share, from $177 million, or $1.48 per share, a year earlier.

The company’s revenue rose by 20 percent to $15.45 billion, well above the average analyst expectation of $14.1 billion.