Lenovo Group today announced results for its second fiscal quarter ended September 30, 2013. Quarterly revenue was US$9.8 billion, a 13 percent increase year-over-year. Second quarter profit grew even faster with pre-tax income increasing 30 percent year-over-year to US$265 million, while earnings grew 36 percent year-over-year to US$220 million. Lenovo posted a record 29 million devices sold in the quarter, which is about four devices every second. The company's strong global execution of its Protect and Attack strategy, innovative product portfolio and an increasing mix of PC Plus revenues drove the results.
For the second straight quarter, Lenovo was the world's largest PC vendor*, with its highest-ever quarterly market share of 17.7 percent up 2 points year-over-year. Number one positions in five of the top seven PC markets - which cover one quarter of the world's population - supported this strong performance. Lenovo's PC shipments for the second fiscal quarter were 14.1 million units, again making it the fastest growing of the top five PC vendors. This was also the 18th quarter in a row that Lenovo outperformed the industry as a whole.
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