Lenovo Group 992 0.73%increase; green up pointing triangle reported record quarterly revenue as the world’s largest PC maker continued to grow its consumer-electronics and infrastructure businesses, supported by AI adoption and replacement cycle tailwinds.
Revenue for the three months ended September rose 15% to $20.45 billion, exceeding a market consensus of $20 billion. Net profit fell 5% to $340 million, missing the $382 million expected in a FactSet poll of analysts. Excluding noncash and nonoperating effects, adjusted net profit increased 25% to $512 million, the company said.
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