Hong Kong — Lenovo’s annual revenue rose to a three-year high, led by double-digit sales growth in the fourth quarter, as business at its personal computer (PC) and smart devices segment improved, the Chinese group said. The PC business would continue to see premium products such as gaming PCs and workstations driving revenue growth, chief operating officer Gianfranco Lanci said. "I think the company is in much better shape than it was six [to] nine months ago," he said on Thursday, adding that Lenovo was now the world’s top gaming PC maker. Shares of the company rose as much as 4% on the news. Lenovo, which lost the world’s largest PC-maker crown to HP in 2017, has seen its core business suffer from a shrinking market globally, while its smartphone business struggles to stay ahead of fierce competition. But in the fourth quarter ended March, its revenue from the PC and smart devices business jumped 16%, accounting for almost three-quarters of a total $10.6bn for the period. For the...
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