Lenovo's revenue from non-PC areas increased to 45% in the fourth quarter, with both SSG and ISG showing double-digit revenue growth. The company reported a 9% YoY increase in Q4 revenue to $13.8B, surpassing expectations, and a 118% YoY rise in net profit to $248M. Lenovo has seen three consecutive quarters of better-than-expected profit as it rebounds from a low point in PC and server demand.
📽️ 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
Lenovo reported a third successive quarter of better-than-expected profit as the company exited a nadir for PC and server demand https://t.co/NF7c9t9vSl
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