Lenovo stays in black despite Motorola buy

Lenovo Group Ltd said on Tuesday it had dodged a widely expected profit slump in the fourth quarter, after its acquisition of Motorola Mobility LLP at the turn of the year.

The world's largest personal computer maker released a longer-than-normal financial report for the October-December period because two major acquisitions, valued at more than $5 billion, were completed during the three months.

Net income generated from daily operations, mainly PC, server and smartphone sales, hit $327 million, up by 23 percent year-on-year, according to Yang Yuanqing, chairman and chief executive.