China's Lenovo Group posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working and education. Lenovo reported a 31% jump in net profit for its first quarter ended June to $213 million, beating an average $107.48 million estimate of five analysts, according to Refinitiv data. Revenue increased 7% to $13.3 billion. "The PC market significantly outperformed the industry forecast of a market decline," Lenovo said in a statement. "Looking to the future, the company expects this strong PC demand will be a long-term trend."
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