Lenovo Group Ltd’s quarterly profit fell less than expected after the global personal computer market eked out growth for the first time since 2012.
The world’s second-largest PC maker reported a 41% slide in net income to US$107mil (RM457.35mil) in the three months ended March. That compares with the US$97.9mil (RM418.47mil) average of analysts’ estimates compiled by Bloomberg. Revenue increased 5% to US$9.6bil (RM41.03bil), compared with the US$9.65bil (RM41.24bil) projected.
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