Chinese PC maker Lenovo reports growing revenues in gradual turnaround

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Chinese PC maker Lenovo has returned to double digit revenue growth, a rare achievement in an otherwise stagnant global market for PCs. 

Lenovo, which makes laptops and owns the Motorola phone brand, saw revenues  rise 19pc year-on-year to $11.9bn (£9.4bn) for the three months to June. Profits increased to $77m, slightly ahead of analysts estimates and up from $72m in the same period last year.

Its PC business reported 19pc revenue growth compared with the same period over the previous year. It is now also the number one PC maker globally, according to analysis from Gartner, a research firm.

Lenovo chairman and CEO Yang Yuanqing said the company had “passed the turning point” and that there was…

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