Lenovo Group Thursday reported a jump in third-quarter profits, even as its turnover during the period remained flat compared to one year ago.Lenovo reported a profit attributable to shareholders of US$57.7 million on sales of $4 billion during its fiscal third quarter, which ended on Dec. 31, 2006. That’s a 23 percent increase in profits compared to the same period during the previous fiscal year, when Lenovo reported a profit of $46.8 million on sales of $4 billion, the company said in a filing with the Hong Kong stock exchange.On a sequential basis, the results show good news for Lenovo. The company saw its profit fall by 53 percent during the first half of its fiscal year—from $91.2 million to $43.1 million—compared to the previous year’s period.Lenovo’s PC shipments during the quarter increased 8 percent over the previous year, outpacing the industry average, which the company pegged at 7 percent, the filing said. As usual, China was a strong market for Lenovo, with PC shipments up 19 percent. The company also saw shipments rise by 3 percent in Europe, the Middle East and Africa. But Lenovo’s PC shipments slipped 4 percent in North and South America due to weaker demand from large companies. Shipments fell by 1 percent in the Asia-Pacific region, excluding China, Hong Kong and Taiwan.About 52 percent of Lenovo’s revenue came from notebook PCs, as unit shipments rose 20 percent over the previous year, Lenovo said in a press statement. Desktop shipments rose 2 percent, contributing 43 percent of the company’s total revenue. The remainder of Lenovo’s revenue came from the sale of mobile phones, which contributed 4 percent of revenue. Handset shipments fell by 6 percent compared to the previous year, Lenovo said.-Sumner Lemon, IDG News Service (Singapore Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost ChatGPT and Your Organisation: How to Monitor Usage and Be More Aware of Security Risks By Hayley Salyer Jun 05, 2023 7 mins Chatbots Artificial Intelligence brandpost Who’s paying your data integration tax? Reducing your data integration tax will get you one step closer to value—let’s start today. By Sandrine Ghosh Jun 05, 2023 4 mins Data Management feature 13 essential skills for accelerating digital transformation IT leaders too often find themselves behind on business-critical transformation efforts due to gaps in the technical, leadership, and business skills necessary to execute and drive change. By Stephanie Overby Jun 05, 2023 12 mins Digital Transformation IT Skills tip 3 things CIOs must do now to accurately hit net-zero targets More than a third of the world’s largest companies are making their net-zero targets public, yet nearly all will fail to hit them if they don’t double the pace of emissions reduction by 2030. This puts leading executives, CIOs in particul By Diana Bersohn and Mauricio Bermudez-Neubauer Jun 05, 2023 5 mins CIO Accenture Emerging Technology Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe