Lenovo Jumps After Top Global PC Maker Arrests Sales Declines

(Bloomberg) — Lenovo Group Ltd.’s shares gained more than 3% after the world’s largest PC maker reported a return to growth, reflecting a gradual pickup in demand after a prolonged slump.

It reported a better-than-projected 3% rise in revenue to $15.7 billion, the first quarterly sales growth for Lenovo since late 2022, when demand evaporated the Covid pandemic. Net income slid a less-than-expected 23% to $337 million in the three months ended December.