Lenovo Q2 Results Beat Predictions

Lenovo, the world's fourth largest PC maker, is set to go on a merger and acquisition spree to fuel growth in its PC sector after exceeding analysts predictions in its Q2 financial results.

According to the company's Chief Financial Officer Wong Wai Ming, Lenovo will plan strategic acquisition deals to expand its core PC business line but refused to give specific details on the company's roadmap.

“We will be looking for opportunities that will relate to our core business, which is the PC. We keep on looking at that, but it's difficult to give you any specifics now,” he said during a conference call with analysts.

China-based Lenovo has registered a 33 per cent rise in PC shipments over the last three months, a figure higher than what rivals HP, Dell and Acer have seen. The computer maker's growth also tripled the overall market growth of 11 per cent in Q2.

The company posted a net profit of $76.6 million, significantly more than the $66.75 million predicted by analysts during a Reuters poll.