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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit to Record

The Lenovo logo is seen in this illustration photo January 22, 2018. (Reuters)

Third-quarter profit jumped 62% to an all-time high of $640 million at China's Lenovo Group , the world's biggest maker of personal computers said on Wednesday, as the growing popularity of hybrid work arrangements boosts demand for PCs.

Revenue for the quarter ended Dec. 31 rose 17% to $20.1 billion, also a record and ahead of an average estimate of $18.4 billion from 10 analysts, according to Refinitiv data.

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