China’s Lenovo posts record profit in third quarter, beating expectations

China’s Lenovo Group, the world’s biggest maker of personal computers, posted record profit and revenue in the third quarter on Wednesday, helped by robust demand from people working from home as COVID-19 restrictions persisted.

Net profit jumped by 53% to a record $395 million in the October-December quarter. That beat an average estimate of $293.7 million from eight analysts, according to Refinitiv data.