8/10, 5:28 AM (Source: TeleTrader)
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Lenovo's revenue unchanged in Q1 at $17B

Computer manufacturing company Lenovo Group, Ltd revealed on Wednesday that its revenue in the first quarter of fiscal 2023 amounted to $17 billion, remaining almost unchanged in comparison to the same period a year prior. The company's net income landed at $526 million, surging 11% year over year, while its basic earnings per share grew 9% on an annual basis to stand at $4.39.

"We successfully grew our business and improved profitability for the ninth consecutive quarter," Lenovo CEO Yuanqing Yang shared, adding that "although external challenges may persist in the short-term, the digitalization trend continues to accelerate, and the hybrid work model is here to stay. We have confidence in capturing these opportunities and will continue to invest, innovate, and deliver sustainable growth and profitability improvements,"

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