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Lenovo Group has reported a 20% increase in quarterly revenue, as the global personal computer market showed signs of recovery after a two-year slump.
The company's revenue rose to $15.4 billion, exceeding analysts' expectations.
Lenovo maintained its position as the market leader, with a 23% market share.
The company has diversified beyond its core PC business, with its infrastructure solutions group and solutions and services group experiencing significant growth.
Lenovo's chairman and CEO expects the company's non-PC business to account for 50% of its revenue mix in the near future, driven by a resurgence in IT spending and AI-driven demand.
