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

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.