Lenovo Group Second-Quarter Net Rose, Supported by AI Investments

Dow Jones

2024-11-15

By P.R. Venkat

Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers.

Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts.

Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones.

Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

November 14, 2024 18:54 ET (23:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Venkat at venkat.pr@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 18:54 ET (23:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Lenovo Group Second-Quarter Net Rose, Supported by AI Investments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Group Second-Quarter Net Rose, Supported by AI Investments\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-15 07:54</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By P.R. Venkat \n</p>\n<pre>\n \n</pre>\n<p>\n  Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers. \n</p>\n<p>\n  Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts. \n</p>\n<p>\n  Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones. \n</p>\n<p>\n  Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to P.R. Venkat at venkat.pr@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 18:54 ET (23:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0052756011.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483357096","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483357096","pubTimestamp":1731628440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers.Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts.Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones.Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80992":"联想集团-R","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LNVGY":"联想集团ADR","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK4170":"电脑硬件、储存设备及电脑周边","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK1607":"新IT概念","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","00992":"联想集团","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","BK1526":"科网股","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","BK1193":"电脑硬件、储存设备及电脑周边","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC"},"translate_title":"受人工智能投资支持，联想集团第二季度净增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80992":0.6,"00992":0.9,"LNVGY":0.9},"content_text":"By P.R. Venkat \n\n\n \n\n\n  Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers. \n\n\n  Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts. \n\n\n  Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones. \n\n\n  Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability. \n\n\n \n\n\n  Write to P.R. Venkat at venkat.pr@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 18:54 ET (23:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}