The Raleigh, N.C.-based company reported revenue of $3.4 billion for the quarter ended March 31, up 9 percent from $3.1 billion a year earlier. Lenovo posted a fourth-quarter profit of $60 million, compared with a loss of $116 million in the year-ago period.

In a conference with financial analysts in Hong Kong, which was webcast, Lenovo executives said their efforts in the United States have paid off as the company continued to enlist channel partners.

"We grew faster than the market [in the U.S.]. It resulted in market share gains in the U.S.," said Mary Ma, Lenovo's CFO.

"We recruited about 2,600 active [channel] partners that focus on serving the SMB market," Ma said. "America returned to profit this quarter. They were making a loss for three quarters, so this is a turnaround point for America."

During the quarter, Lenovo announced a restructuring and layoffs, including some actions in the United States to help shore up its business there. In the previous quarter, the United States was the only geography where Lenovo lost money.

For the full year, Lenovo reported that total sales rose 10 percent to $14.6 billion, with PC shipments up 12 percent. Earnings, including the impact of restructuring, came in at $161 million, the company said.

By: DocMemory
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