China's Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion, beating analyst estimates of $13 billion. This marks the second consecutive quarter of revenue growth for the company. Net profit for the quarter surged 118% year-over-year to $248 million, surpassing the expected $162 million. Lenovo's non-PC areas contributed significantly to this growth, accounting for a record-high 45% of the company's revenue in the fourth quarter, up from 42% the previous year. The company's Services and Infrastructure Solutions Groups both saw double-digit revenue growth, with managed services, project, and solution services up 55%. Lenovo North America president Ryan McCurdy expressed optimism about the company's performance, highlighting growth across all business segments and a strong focus on North American markets.
Wow, @Lenovo had a banger of a quarter. Wasn't expecting this at all as I compare to their peers. -Revenue +9.5%, NI +118% -all businesses had growth; record-high non-PC revenue of 45% -SSG (Services): Rev +10%; Managed svcs, project, solution services +55% (non-PC) -ISG (DC &… https://t.co/HLxzP95YI1
“I’m encouraged by the trend,” Lenovo North America president Ryan McCurdy says. “This is our second consecutive quarter of revenue growth and profit growth across all of our businesses. We’re really focused on our performance in North America against our competitors.” https://t.co/Azf2DUseyu
China's Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion, as the world's largest maker of personal computers exits a demand slump following the aftermath of the COVID-19 pandemic https://t.co/dn2Oe4ysGE https://t.co/cpF2VA9CAc
Revenue for Lenovo powered up in the fourth-quarter. The Chinese tech group said it rose 9% to $13.8 billion, beating analyst forecasts https://t.co/dn2Oe4ysGE https://t.co/fmIHDSz4wJ
China’s Lenovo extends revenue growth streak, tops quarterly expectations https://t.co/h09jh4wLsU
📽️ WATCH - CHINA’S LENOVO EXTENDS REVENUE GROWTH STREAK, BEATS EXPECTATIONS China's Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion on Thursday (May 23), as the world's largest maker of personal computers (PCs) exits a demand slump following the… https://t.co/SvyXQ5lqqt
🇨🇳 #China’s Lenovo extends revenue growth streak, beats expectations - Reuters https://t.co/aj08PoHW6i
China’s Lenovo extends revenue growth streak, beats expectations https://t.co/hqlDhGmsHW https://t.co/RfQAAOIcS1
Lenovo reports Q4 revenue up 9% YoY to $13.8B, vs. $13B est., second straight quarter of revenue growth, and net profit up 118% YoY to $248M, vs. $162M est. (@byjoshye / Reuters) https://t.co/6kn3iisluJ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7jYli125T4
42% of Lenovo’s revenue last year came from non-PC areas. In 4Q it was 45%. SSG, ISG both double digit revenue growth. Looking forward to hearing more later today here in HK #LenovoEarnings https://t.co/cWZywG4yjj https://t.co/59Ya3akgSG