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Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers

08/15/2024

Less than a minute

2024.08.15 00:20

© 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

BEIJING (Reuters) – China’s Lenovo Group (OTC:) reported a 20% rise in its quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump.

For the three months ending in June, the company’s revenue rose to $15.4 billion, above the average estimate of $14.1 billion expected by analysts polled by LSEG.

08/15/2024

Less than a minute

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