Lenovo, the world's largest PC maker, has posted record third-quarter profit on higher sales of laptops and mobile devices in emerging markets.

The Chinese firm said earnings rose 30% to $265m (£159m) from a year earlier, beating analysts' estimates of $247m.

Revenues jumped by 15% to a record $10.8bn, led by sales in China.

However, the firm warns its future finances will be negatively impacted by its recent purchase of IBM's low-end server business and Motorola Mobility.

Lenovo became the world's third-largest smartphone maker after the Motorola Mobility purchase

Lenovo paid more than $5bn - or nearly half of the company's market value - to buy both businesses in January.

Investors have questioned the acquisitions, given both handset-maker Motorola Mobility and IBM's server business are currently loss-making.

On a conference call, Lenovo said it would take up to five quarters - or more than a year - to turn around the Motorola business, which it bought from Google for $2.9bn.

But the Chinese firm stressed that the acquisitions are all part of a longer-term strategy to move away from its reliance on PC sales and expand its presence in the server and smartphone sectors.

Lenovo said it shipped a record 32.6 million devices in the third quarter, or nearly five devices every second.

Shares of Lenovo traded more than 1% lower in Hong Kong following publication of the results on Thursday.

(Source: BBC)