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Lenovo does better than expected
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Lenovo does better than expected
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3rd November 2020, 14:13
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,931
 |  Lenovo does better than expected Remote working benefit Lenovo posted a better than expected quarterly profit and said it is continuing to benefit from “new normal” remote working after COVID-19. The Chinese outfit said it set new records for group revenue, pre-tax income, and net income, and all three key business groups delivered year on year growth for the first time in six quarters. Chairman Yang Yuanqing said: “Last quarter was what I would call a perfect quarter for Lenovo. I hope the current quarter could be even better.” Lenovo reported a 53 percent jump in net profit for the quarter ended September to $310 million, beating average analyst estimate of $224 million. Revenue increased seven percent to $14.5 billion. https://fudzilla.com/news/51810-leno...-than-expected |
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