Lenovo's Net Profit Nearly Doubles

The company is now the third largest PC maker.

Wall Street Journal: Lenovo has reported that net profits for the most recent quarter reached $108.8 million, up from $54.86 million the year before. Revenue rose 15 percent year over year. Those results make Lenovo the third largest PC manufacturer, behind HP and Dell.

Lenovo bought IBM's PC business in 2005.

Tags: earnings, Lenovo

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