Lenovo has reported that its revenues for the year ending March 31, 2015 stood at $46.30 billion. The company claims that for the period under review its revenue grew by 20 per cent. Lenovo has attributed growth in revenues to its acquisition of smartphone maker Motorola in 2014. Post the acquisition, the personal computer (PC) maker has diversified into smartphone market.

Further, revenue from the company's mobile business including Motorola has grown by 71 per cent year-on-year to $9.14 billion, making up about a fifth of the company’s total revenues. Meanwhile, for the period under review, Lenovo’s net profit grew by one per cent and stood at $829 million. The company has attributed low growth in net profit to higher operating expenses. Earlier, in 2014, the PC maker had reported an increase of 29 per cent in its net profits, driven by record smartphone sales.

For the year ending March 31, 2015, Lenovo’s non-PC revenue contribution has increased to 28 per cent from 18 per cent in the same period last year, while operating expenses have also increased by 40 per cent at $5.57 billion.