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Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes

Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes

Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes 150 150 admin

By Josh Ye

HONG KONG (Reuters) – China’s Lenovo Group (0992.HK), the world’s biggest maker of personal computers, reported flat quarterly revenue growth, narrowly beating market estimates, marking its slowest growth in eight quarters.

Total revenue was virtually flat at $16.96 billion for the quarter to end-June, slightly above an average Refinitiv estimate of $16.87 billion drawn from seven analysts. Net income attributable to shareholders rose to $516 million.

(Editing By Tom Hogue)

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