Lenovo on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery. The Chinese technology company, whose main business is making and selling personal computers,

Chinese technology giant Lenovo (0992.HK) reported a 20% year-on-year increase in third-quarter revenue, highlighting a rebound in global PC demand following a prolonged industry slump. The world’s largest PC manufacturer posted $18.

Chinese PC company Lenovo Group Ltd (OTC: LNVGY) reported fiscal third-quarter revenue growth of 20% year-on-year to $18.796 billion, beating the analyst consensus estimate of $15.58 billion. This marked the highest quarterly sales in the past three years and the second highest in the Group’s history.

Lenovo on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery. Julian Satterthwaite reports.

The world’s largest PC maker reported better-than-expected quarterly earnings boosted by its bet on the fast-growing use of artificial intelligence.