PC maker Lenovo posts 24% revenue jump, tops estimates By Reuters

(Corrects to show revenue rose 24%, not 22%, in headline and first paragraph)

BEIJING (Reuters) -Lenovo Group Ltd posted a 24% rise in revenue in its fiscal second quarter from a year earlier, as the global personal computer industry showed signs of recovery.

© Reuters. FILE PHOTO: An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing, China November 15, 2019. REUTERS/Jason Lee/File Photo

The Chinese technology company reported revenue of $17.85 billion for the quarter ended September 30, exceeding analysts’ expectations according to LSEG data of $15.997 billion.

Net profit reached $359 million, compared with analysts’ estimates of $331.69 million.

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