FILE PHOTO: A visitor tries out Lenovo augmented reality glasses with the Star Wars Jedi Challenges during the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Photo GLOBAL BUSINESS WEEK AHEAD
Lenovo Group Ltd posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacentre business in a stabilizing PC market.
The world’s second-largest PC vendor reported a 69% plunge in net income to US$33mil (RM131.51mil) in the three months ended March as it grappled with rising expenses. Sales however jumped 11% to US$10.6bil (RM42.24bil), surpassing the US$9.8bil (RM39.05bil) projected and marking its first double-digit percentage increase since late 2015.
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