Len­ovo quar­terly profit tops es­ti­mates

New Straits Times - - Business -

BEI­JING: Len­ovo Group Ltd’s quar­terly profit fell less than ex­pected af­ter the global personal com­puter (PC) mar­ket eked out growth for the first time since 2012. The world’s sec­ond-largest personal com­puter maker re­ported a 41 per cent slide in net in­come to US$107 mil­lion (RM457 mil­lion) in the three months ended March. Rev­enue in­creased five per cent to US$9.6 bil­lion. Len­ovo lost its top po­si­tion to HP Inc in the quar­ter but man­aged to in­crease mar­ket share as in­dus­try ship­ments grew 0.6 per cent. Agen­cies

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.