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Lenovo Posts 53% Increase in Fiscal Q2 Net Income, Well Ahead of Estimates

The world's largest maker of personal computers said it continues to benefit from the "new normal" of remote working.

Image source: Lenovo earnings presentation, Nov. 3, 2020

HONG KONG (Reuters) – 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.

Reporting by Pei Li; Editing by Muralikumar Anantharaman


Source: Reuters

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