Published in News

Lenovo does better than expected

by on13 August 2020

Remote working boom

China’s Lenovo posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working and education.

Lenovo reported a 31 percent jump in net profit for its first quarter ended June to $213 million, beating an average $107.48 million which was predicted by the cocaine nose jobs of Wall Street.

Meanwhile the company's revenue increased seven percent to $13.3 billion.

“The PC market significantly outperformed the industry forecast of a market decline. Looking to the future, the company expects this strong PC demand will be a long-term trend.”

Last modified on 13 August 2020
Rate this item
(0 votes)

Read more about: