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Markets News

Lenovo profit beats expectations, helped by remote working trend

HONG KONG, Aug 13 (Reuters) - China’s Lenovo Group , the world’s biggest PC maker, posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working.

Lenovo reported a 31% jump in net profit for its first quarter ended June to $213 million, beating an average $107.48 million estimate of five analysts, according to Refinitiv data.

Revenue increased 7% to $13.3 billion. (Reporting by Pei Li; Editing by Muralikumar Anantharaman)

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