Lenovo’s revenue and bottom line hit record highs last quarter

0
342

Net profit in annual terms increased by 53%

Lenovo Group has published a report for the next quarter. For the Chinese manufacturer, this was the third quarter of the current fiscal year. The compilers of the report note that for the second quarter in a row, they record indicators of income, profit before tax, and net income.

Lenovo
Lenovo

Lenovo’s revenue and bottom-line hit record highs last quarter

During the reporting period, received $ 17.2 billion in revenue, which is 22% more in annual terms. Profit before tax rose 52% to $ 591 million. Net income reached $ 395 million, up 53% from the same period in the previous fiscal year.

Recall that the main activity of Lenovo is the release of personal computers. According to IDC estimates, Lenovo owns 24.0% of the global ready-made PC market in 2020. The manufacturer himself gives a value of 25.3%. In the past quarter, the division’s revenue was $ 14.0 billion, up 27% year-on-year.

Also Read:  Nokia showed a new compact smartphone

RELATED ARTICLESMORE FROM AUTHOR