Lenovo Delivers Strong FY Q1 Performance, Improves Profitability

Stefan Mileschin · 16th August 2024, 04:38

Lenovo Group Limited, together with its subsidiaries, today announced Q1 results for fiscal year 2024/25, reporting profitability improvements across all areas of the business and making significant progress in capturing hybrid AI opportunities. Group revenue increased 20% year-on-year to US$15.4 billion, net income was up 65% year-on-year to US$315 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS) basis, and non-PC revenue mix was up five points year-to-year reaching a historic high of 47%. The Group's results reflect its clear strategy and strong execution, persistent focus on innovation and operational excellence, as well as the advantages it reaps from being a globalized business.

https://www.techpowerup.com/325596/l...all-businesses

16th August 2024, 04:38	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 152,472	Lenovo Delivers Strong FY Q1 Performance, Improves Profitability Lenovo Group Limited, together with its subsidiaries, today announced Q1 results for fiscal year 2024/25, reporting profitability improvements across all areas of the business and making significant progress in capturing hybrid AI opportunities. Group revenue increased 20% year-on-year to US$15.4 billion, net income was up 65% year-on-year to US$315 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS) basis, and non-PC revenue mix was up five points year-to-year reaching a historic high of 47%. The Group's results reflect its clear strategy and strong execution, persistent focus on innovation and operational excellence, as well as the advantages it reaps from being a globalized business. https://www.techpowerup.com/325596/l...all-businesses

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