Lenovo (HKSE: 992) (ADR: LNVGY) today announced Group revenue in the first quarter of US$13.3 billion, up almost 7% year-on-year (up 10% year-on-year excluding currency impact). Pre-tax income grew 38% compared to the same quarter a year earlier, to US$332 million, while net income also increased by 31% year-on-year to US$213 million. Basic earnings per share for the first quarter were 1.80 US cents or 13.95 HK cents.
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.