Lenovo posts 65% rise in Q2 profit

By MG News | November 04, 2021 at 09:29 AM GMT+05:00

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November 4, 2021: China's Lenovo Group, the world's biggest maker of personal computers, reported a 65% rise in second-quarter profit on Thursday and said it saw demand for commercial PCs grow at a near-record rate during the period.

Profit for the quarter ended Sept. 30 jumped to $512 million versus $310 million in the same period a year earlier.

Revenue rose 23% to $17.9 billion, slightly above an average estimate of $17.3 billion from 9 analysts, according to Refinitiv data.

Reuters

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