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Lenovo profit beats expectations, helped by remote working trend

Published 03/11/2020, 04:32
Updated 03/11/2020, 04:35
© Reuters. An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing
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HONG KONG (Reuters) - China's Lenovo Group (HK:0992), 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 (239.8 million pounds), beating an average $224 million estimate of eight analysts, according to Refinitiv data.

© Reuters. An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing

Revenue increased 7% to $14.5 billion.

 

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