Lenovo, the worlds second- biggest maker of PCs, posted a 54 per cent increase in third- quarter profit as orders for office computers jumped and acquisitions in Germany and Japan boosted sales.

Net income climbed to $153 million in the three months ended December 31st from $99.7 million a year earlier. Revenue rose 44 per cent to a record $8.4 billion.

Lenovo sold more computers to businesses in the US and emerging markets, defying an industry slump that hurt sales at rivals HP and Acer. – (Bloomberg)