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

Lenovo Reports Slowest Revenue Growth in 9 Quarters

A Lenovo ultrabook and a tablet are displayed during a news conference in Hong Kong, China May 21, 2015. REUTERS/Bobby Yip

Lenovo Group, the world's biggest maker of personal computers, reported flat revenue for the April to June quarter when many Chinese cities were hit by COVID-19 lockdowns, marking its most subdued result in nine quarters.

Total revenue during the period was $16.96 billion, up 0.2% from the same quarter a year ago though it was in line with an average Refinitiv estimate of $16.87 billion drawn from seven analysts. That was the smallest quarter-on-quarter increase since the period ending in March 2020.

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