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Lenovo sees $54.9 billion net profit in Q1 earnings, hits double digits in global market share

Lenovo sees .9 billion net profit in Q1 earnings, hits double digits in global market shareLook out, world — Lenovo‘s on a significant tear, and it doesn’t look to be stopping anytime soon. Within the company’s latest earnings report, it proudly announced its first-ever double digital market share of 10.2 percent. As if that milestone wasn’t enough to make upper management grin, the outfit also nailed down slightly below $55 million in net income (a pre-tax income of $75 million) on sales of $5.1 billion. This quarter also marks the third in a row that it has been the fastest growing of the pinnacle five PC makers, and the fifth consecutive quarter that it outgrew the industry. Specifically, the outfit’s PC shipments increased some 48.1 percent year-over-year, and consolidated sales for its fiscal Q1 saw an insane 49.6 percent uptick from last year. As of now, things are looking mighty rosy for Lenovo, and it just seems logical for the company to revive the Skylight in celebration. Who’s with us?

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