Lenovo (HKSE: 992) (ADR: LNVGY) today announced record Group revenue in the second quarter of US$14.5 billion, up 7% year-on-year and with all businesses showing strong growth. Profit showed even stronger growth, with record pre-tax income of US$470 million, up 52% compared to the same quarter a year earlier, while net income also increased by 53% year-on-year to a record US$310 million.
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.