Corporate News

Lenovo and DXC Technology to collaborate with visionary robotics scientist Dr. Peter Scott-Morgan and his philanthropic foundation to develop ambitious assistive technology solutions by integrating the latest hardware, software, and artificial intelligence (AI) technologies to empower people with disabilities, illnesses, and other challenging conditions.

Lenovo Group announced record fiscal first quarter results ,revenue continued hypergrowth to US$16.9 billion, up 27% year-on-year, net income increased 119% year-on-year.

Lenovo ranked #159 on FORTUNE’s annual Global 500 List and jumped 65 spots this year .This reinforced the company’s resilience and ability to achieve balanced, consistent, and sustainable growth as it continues to diversify and transform in line with its 3S (Smart IoT, Smart Infrastructure, Smart Solutions) corporate strategy.

Due to rising revenue contribution from the newly formed Solutions and Services Group and strong PC shipments, S&P expects Lenovo should be able to expand its profits and hence reduce debt leverage over the next 12-24 months. This upgrade indicates that a rating revise up from the current “BBB-” level in the next 12-24 months can be expected should the company sustainably grow its service revenue contribution and lower its debt-to-EBITDA ratio to below 1.0x.

IDC just published CY21Q2 WW PC Preliminary result. Worldwide traditional PC market landed at 83.6M units, up 13.2% YoY. Lenovo maintains global No. 1 PC position with 23.9% market share, up 14.9% YoY to 20M units.

Lenovo’s annual revenue surged past US$60 billion for the first time with net income grew 77% to US$1.2 billion in FY20/21.

Lenovo ranked the 25th in a report named “Most Innovative Companies 2021" issued by Boston Consulting Group to recognize our efforts in innovation-led transformation.

Lenovo's board of directors approved the proposed issuance of Chinese depositary receipts ("CDRs"), and the application for listing and trading of the CDRs on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Worldwide PC shipments totaled 79.4 million units in the fourth quarter of 2020, a 10.7% increase from the fourth quarter of 2019, according to preliminary results by Gartner, Inc. The top three vendors in the worldwide PC market remained unchanged from the previous quarter, although Lenovo continued to widen its lead over HP.

The latest Canalys data shows that worldwide PC market growth accelerated in the last quarter of 2020, as shipments of desktops, notebooks and workstations increased by 25% from a year ago to reach a record 90.3 million units. Lenovo held first place in the PC market in Q4 with record shipments of 23.1 million units and year-on-year growth of 29%.

IDC just published CY20Q4 WW PC Preliminary result. Worldwide traditional PC market landed at 91.6M units, up 26.1% YoY, higher than IDC Nov forecast of 85.3M units. Lenovo maintains global no. 1 PC position and has expanded market share leadership in the global PC market. It is also the fastest growing company among global top-3 PC brands.