Lenovo Group said its quarterly profit rose 30% on strong sales in developing markets but growth slowed amid global economic weakness.
The world's second-largest personal computer maker said it earned $144m in the three months to the end of June on $8 billion in global sales.
The profit growth rate was down from the previous quarter's 59% increase.
Personal computer shipments in the Asia-Pacific region and Latin America rose 59.2% while those to Europe, the Middle East and Africa were up 62.3%.
"Despite uncertainties in global economic conditions impacting the PC market in the short term, we will remain focused to outperform the worldwide PC market in a profitable way," said chief financial officer Wong Waiming in a conference call with reporters.
''Our strategic investments in mobile internet have started contributing to the growth in sales and improved profitability," he added.
The company passed Dell last year as the second-biggest PC maker and said today that it has narrowed the global market share gap with industry leader Hewlett-Packard. Lenovo said it sold 5 million smartphones in China in the quarter, passing PC sales by number of units for the first time.
The company, with headquarters in Beijing and in North Carolina got into wireless Internet in 2010. It has launched smartphones and web-linked tablet computers to compete with Apple, South Korea's Samsung Electronics and Taiwan's HTC.
Lenovo launched its latest ThinkPad notebook last week and said it is designed to appeal to users who want the convenience of a tablet, with a faster startup, lighter weight and longer battery life.
