Reported about 2 months ago
Lenovo Group Ltd. outperformed expectations with a 38% increase in quarterly net income, reaching $243 million, attributed to a rise in AI-related spending and a gradual recovery in the computing industry. Revenue surged by 20% to $15.4 billion, with Lenovo maintaining its lead in PC shipments during the June quarter. Despite geopolitical risks and concerns over economic conditions, the CEO expressed optimism that AI-powered devices will enhance growth in the coming years.
Source: YAHOO