Lenovo announced robust results for its full fiscal year and Q4, demonstrating the company's position of strength amid unprecedented global transformation. Despite a fiscal year full of macro-economic and industry challenges, the company delivered full-year revenue exceeding US$50 billion (US$50.7 billion) for the second consecutive year. Profitability remained a strength, with historical high pre-tax income of US$1.02 billion, up almost 19% year-on-year. Full-year Net Income was US$665 million, up 12% year-on-year.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.
Lenovo has the below core business groups:
- The Intelligent Devices Group (IDG) encompasses the PC and Smart Devices business, including PCs, tablets, augmented and virtual reality (AR/VR), smart devices, software and services, and the Mobile business for smartphones; and
- The Data Center Business Group (DCG), which includes servers, storage, networking, software and services.
Alongside these core business groups we have invested in new and burgeoning opportunities for the future – including the launch of three new business groups as a driving force behind the transformation aligned to our 3S strategy.
These groups are the Data Intelligence Business Group (DIBG), the Converged Network Business Unit (CNBU) and the Commercial Internet of Things (CIoT) group.
In parallel the Lenovo Capital and Incubator Group (LCIG) fortifies our intelligent transformation strategy by identifying and investing in some of today’s most cutting-edge technologies that have the possibility to be the mainstream technologies of tomorrow.
Lenovo is incorporated and headquartered in Hong Kong, with key operations centers in Beijing and Morrisville, North Carolina. We have over 63,000 employees globally.