Lenovo reports flat revenue, weakest in eight quarters

Total revenue came in at US$16.96bil (RM75.5bil), in line with an average Refinitiv estimate of US$16.87bil (RM75.1bil) drawn from seven analysts. Net income attributable to shareholders rose 11% to US$516mil (RM2.3bil).

HONG KONG: Lenovo Group, the world’s biggest maker of personal computers (PC), reported flat revenue for the April to June quarter when many Chinese cities were hit by Covid-19 lockdowns, marking its most subdued result in eight quarters.

Total revenue came in at US$16.96bil (RM75.5bil), in line with an average Refinitiv estimate of US$16.87bil (RM75.1bil) drawn from seven analysts. Net income attributable to shareholders rose 11% to US$516mil (RM2.3bil).