Lenovo profit beats expectations, helped by remote working trend – 247 City News

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Lenovo profit beats expectations, helped by remote working trend

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FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

HONG KONG – China’s Lenovo Group, the world’s biggest PC maker, posted a better than expected quarterly profit on Tuesday and said it is continuing to benefit from “new normal” remote working after COVID-19.

Lenovo reported a 53% jump in net profit for the quarter ended September to $310 million, beating an average $224 million estimate of eight analysts, according to Refinitiv data.

Revenue increased 7% to $14.5 billion.

 

Source: REUTERS

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