Chinese Depository News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lenovo third-quarter profit tops expectations, posting all-time-high revenue and profit Toggle share menu Advertisement Lenovo third-quarter profit tops expectations, posting all-time-high revenue and profit China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53per cent rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas Wh...

By Reuters Staff 3 Min Read SHANGHAI (Reuters) - China’s Lenovo Group, the world’s biggest maker of personal computers, posted record profit and revenue in the third quarter on Wednesday, helped by robust demand from people working from home as COVID-19 restrictions persisted. Net profit jumped by 53% to a record $395 million in the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data. Revenue also reached $17.25 billion - its highest ever - in the third quarter of the 2021 financial year, up 22% from the second quarter...

By Reuters | February 3rd 2021 at 09:22:18 GMT +0300 The Lenovo logo is seen in this illustration photo January 22, 2018. [Reuters] China’s Lenovo Group, the world’s biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53 per cent rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted. Net profit jumped to USD395 million for the October-December quarter. That beat an average estimate of USD293.7 million from eight analysts, according to Refinitiv data. Revenue increased 22 per cent to USD17.25 bil...

The COVID-19 pandemic had completely changed the way people work and learn. Operating from home actually turned around declining PC sales. Smartphones have ...