Lenovo Group Second-Quarter Net Rose, Supported by AI Investments

Dow Jones11-15

By P.R. Venkat

Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers.

Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts.

Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones.

Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

November 14, 2024 18:54 ET (23:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Venkat \n\n\n \n\n\n  Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LNVGY","symbol_name":"联想集团ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483357096","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483357096","pubTimestamp":1731628440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers.Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts.Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones.Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80992":"联想集团-R","LNVGY":"联想集团ADR","BK4170":"电脑硬件、储存设备及电脑周边","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","BK1607":"新IT概念","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1526":"科网股","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","BK1193":"电脑硬件、储存设备及电脑周边","00992":"联想集团","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD"},"translate_title":"受人工智能投资支持，联想集团第二季度净增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80992":0.6,"00992":0.9,"LNVGY":0.9},"content_text":"By P.R. Venkat \n\n\n \n\n\n  Lenovo Group sustained its growth momentum, supported by strong intelligent-device sales as it bets on AI-empowered PCs to fuel the next wave of demand for personal computers. \n\n\n  Net profit for the three months ended September rose 44% from a year earlier to $359 million, the world's largest PC maker said Friday, marginally beating the estimate of $355 million, according to a FactSet poll of analysts. \n\n\n  Revenue reached $17.85 billion, up 24%, driven by higher contributions from investments in AI as well as growth in personal computers and smartphones. \n\n\n  Lenovo has unveiled several AI-enabled PC models in recent months and has bet on the emerging tech to lead the global market to a long-term recovery and help its intelligent-devices segment, which includes PCs, smartphones and tablets, deliver better-than-industry growth and sustainable profitability. \n\n\n \n\n\n  Write to P.R. 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