Lenovo's Q3 revenue jumps 20% as PC industry recovers

Reuters

02/20

BEIJING, Feb 20 (Reuters) - Lenovo 0992.HK on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery.

The Chinese technology company, whose main business is making and selling personal computers, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts' expectations of $17.82 billion, LSEG data showed.

Net profit reached $693 million compared with analysts' estimate of $367.7 million.

(Reporting by Liam Mo and Brenda Goh; Editing by Christopher Cushing)

((liam.mo@thomsonreuters.com;))

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