Lenovo's Revenue Jumps 20% in Q1, Beats Expectations as PC Market Recovers

BEIJING, Aug 15 - Lenovo Group (0992. HK) reported a 20% increase in its quarterly revenue on Thursday, driven by a recovery in the global personal computer market following a two-year downturn.

For the quarter ending in June, Lenovo's revenue rose to $15.4 billion, surpassing analysts' expectations of $14.1 billion, according to an LSEG poll. This marks the third consecutive quarter of revenue growth for Lenovo after experiencing five straight quarters of declines during the post-COVID slowdown