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Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes

08/10/2022

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2022.08.10 03:05

Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes
FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

By Josh Ye

HONG KONG (Reuters) – China’s Lenovo Group (OTC:LNVGY) (0992.HK), the world’s biggest maker of personal computers, reported flat quarterly revenue growth, narrowly beating market estimates, marking its slowest growth in eight quarters.

Total revenue was virtually flat at $16.96 billion for the quarter to end-June, slightly above an average Refinitiv estimate of $16.87 billion drawn from seven analysts. Net income attributable to shareholders rose to $516 million.

(Editing By Tom Hogue)

08/10/2022

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