By Yongchang Chin

Lenovo Group Ltd.'s fiscal second-quarter net profit jumped 65%, helped by higher average selling prices for products amid a continuing boom for personal computers as work and entertainment trends change during the pandemic.

The world's largest PC maker posted net profit of $512.0 million in the July-September period, up from $310.2 million a year ago, Lenovo said Thursday.

Revenue rose 23% to $17.87 billion, the company said.

Lenovo has been a beneficiary of trends in working from home and digitization during the Covid-19 pandemic, posting record profits in recent quarters as global consumers bought more PCs.

In the latest quarter, Lenovo's PC segment was a bright spot, registering an improving operating margin amid a recovery in commercial activity and a shift to higher value-added product segments, Lenovo said.

However, the company said the industrywide component shortage of various integrated circuits remained a business challenge. This caused delays in its order fulfillment, as well as a significant backlog of orders across PCs, smartphones and servers.

Lenovo added that it has been able to secure "more supply of components than peers to outgrow the market."

Write to Yongchang Chin at yongchang.chin@wsj.com

(END) Dow Jones Newswires

11-04-21 0050ET