These cookies are used to improve your website and provide more personalized services to you, both on this website and through other media. According to the company itself, the business honed its growth strategy, including investing in innovations and cultivating strong business demand for the hybrid work model. Pre-tax income was a record US$855 million, up 45% year-on-year, and Group revenue continued its strong growth trajectory hitting a record US$20.1 billion, up 17% year-on-year. This website stores cookies on your computer. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Lenovo sells more PCs, tablets and phones, Haz clic para compartir en Twitter (Se abre en una ventana nueva), Haz clic para compartir en Facebook (Se abre en una ventana nueva), Haz clic para compartir en LinkedIn (Se abre en una ventana nueva), Haz clic para compartir en Reddit (Se abre en una ventana nueva), Haz clic para compartir en Pinterest (Se abre en una ventana nueva), Haz clic para compartir en Telegram (Se abre en una ventana nueva), Haz clic para compartir en WhatsApp (Se abre en una ventana nueva), Mercado de para tratamiento del dolor crnico se expande, Panel en el T-MEC: EU vs Mxico por energa, Puerto de Shanghi: un puerto inteligente, Top 10 semiconductor chip producers in the world, Top 10 Tier 1 Suppliers in the Automotive Industry, The worlds largest food exporters and importers in 2020, Los 7 principales competidores de Coca-Cola, Operan 33 cadenas de tiendas de autoservicios en Mxico, Exportaciones de productos qumicos de EU: Top 7 destinos, La CAAAREM y la ANAM perfilan firma de acuerdo anticorrupcin, Beneficios del T-MEC necesitan difundirse: Senado, Pros y contras de los aranceles a China en Estados Unidos, Exportaciones agrcolas de Estados Unidos por pas: Top 10, Casos de disputa en el T-MEC reciben mayor presupuesto de EU, EU y Canad cuestionan sobre aprobaciones de biotecnologa en Mxico. Please disable your ad-blocker and refresh. Lenovo will continue to seize the sizeable market opportunity to drive both revenue growth and higher profitability. The Solutions and Services Group continues to drive strong profitability and growth in a rapidly expanding market. Lenovos Solutions & Services Group (SSG) saw revenue rise by 25 percent to $1.5 billion, up 25 percent from the prior year. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. I wrote this article myself, and it expresses my own opinions. After two strong years of rapid PC sales growth, short term tailwinds from pandemic-induced remote working and online learning trends that had driven a global PC boom appear to be tapering off as worldwide lockdowns restrictions ease. "These historic highs were achieved by leveraging our core competencies of a clear strategy, innovative products, operational excellence, and global-local model to meet the new needs in the new normal." This cookie is set by GDPR Cookie Consent plugin. To find out more about the cookies we use, see our Privacy Policy. Global PC sales dropped 5.1% in Q1 2022 according to IDC.
The company said its growth during the year was fuelled by its ongoing move to diversify the company in line with its so-called 3S corporate strategy that aims to deliver products and services based on smart IoT, smart infrastructure, and smart vertical solutions. Please consult with a professional investment advisor prior to making any decisions. Its solution was brilliant, United Airlines just made a huge announcement that'll drive customers crazy. This includes higher demand for premier support and customized fulfillment from knowledge workers, nearly half of whom now work remotely. Infrastructure Solutions (data center infrastructure) reported a 19% YoY growth in revenues to USD 1.9 billion. hpe dell YoY to USD 17.6 billion. Lenovo Group Limited is a personal technology company. Similarly, its data centre group achieved $6.3 billion in revenue for the full year, up 15% on the previous year. For perspective, Lenovo had a headcount of approximately 71,500 worldwide at the end of March 2021. Copyright 2022 Futurum Research, All Rights Reserved | Privacy Policy | Terms & Conditions. The full year also saw its software and services business pick up, with revenue growing twice as fast as the company's overall group revenue at almost 40% year on year to $4.9 billion. Lenovo delivers record quarter, as strategy and investments in innovation continue to drive sustainable profitability growth. Segment operating margins improved to 7.7% versus 7.4% the same quarter a year earlier. Longer term, the company is aggressively investing in R&D to grow its IT services capabilities, a small business currently but is rapidly growing and offers positive long term prospects due to 5G-related emerging technologies such as cloud, edge computing, and high speed networks. Lenovo Group revenue for the quarter ending March 31, 2022 was, Lenovo Group revenue for the twelve months ending March 31, 2022 was. Heres a quick breakdown of the important numbers: This strong financial performance for the China-based company is impressive and shows how Lenovo has been quietly making progress in the global market for PCs, servers, laptops, storage, services and more against rivals including IBM, HPE and others. "The worldwide PC market continued to deliver stronger-than-expected momentum in this challenging year as COVID-19 outbreak has brought many lifestyle changes, including the one-PC-per-person trend. Support services saw revenue growth of 21% year-on-year. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. At the start of the year, Lenovo said hybrid work environments, which have increasingly become the new normal, wouldneed technology that is transportableas people will use various workplaces, but not necessarily be "mobile". Strong performance in its premium PC segment may have contributed to the segments profitability which significantly improved during the quarter - segment profit rose 21% YoY to USD 1.4 billion outpacing segment revenue growth of 16%. However, the companys gradual penetration into the high margin PC segment, and developed markets, could help the company potentially improve margins going forward. For Q3 2021, this division generated USD 17.6 billion in revenues (a 16% YoY increase), accounting for 87% of the companys total revenues of USD 20.127 billion for the quarter. Lenovo has also enjoyed stellar performance in Europe over the past few quarters, with the company overtaking HP to emerge as market leader (however HP is not far behind, and the possibility of HP retaking the crown cannot be ruled out). The unit saw the services business rise due to work from home and hybrid work models, as well as companies bringing workers back to their offices and more, according to Lenovo. London Charlotte West, cwest@lenovo.com, +44 7825 605720 Among the emerging smart devices categories, revenue from smart collaboration solutions nearly doubled year-on-year. Yang added the year ended with the company's "fastest growing quarter in almost a decade", pointing out that FY20 Q4 was the "best fourth quarter ever" for the company's PC and smart devices (PCSD) business, which achieved $12.4 billion in revenue, up 46% year on year, as well as its mobile business group that achieved 86% uplift in revenue to $1.54 billion. I have no business relationship with any company whose stock is mentioned in this article. Lenovo led the market with a market share of 24.1%, ahead of HP (market share 21.7%) (HPQ) and Dell (17.4%) (DELL), according to data from consultancy firm Canalys. Q3 basic earnings per share were $5.50 per share, up 66.2 percent from $3.31 one year ago. The market for smart devices continues to benefit from the new normal of hybrid working and the PC market is forecasted to remain strong and stable, shifting to commercial and premium segments. Lenovos margins are nowhere as close as its Western rivals Dell and HP. Infrastructure Solutions (data center infrastructure) reported a 19% YoY growth in revenues to USD 1.9 billion. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Revenues rose 17% YoY to USD 20.1 billion with all major business segments reporting double digit revenue growth. Lenovo is also trying to gain share in the U.S. market, where it currently holds a third position. horwitz venturebeat Read the full press release on Lenovos website, Amazons Stock has Been Stuck in Neutral, but a Host of Catalysts May Soon Change That, Zooms Pandemic-fueled Growth is the Start, Not the End, NVIDIA Overdelivers Again, and Dont Expect that to End Soon, Amazon Turns To Technology To Help Small Business Deal With Intellectual Property Challenges. This category only includes cookies that ensures basic functionalities and security features of the website. Lenovo maintained its market leading position in Q1 2022, although the company lost market share during the quarter according to IDC, Gartner, and Canalys (Asus, Dell, and Apple saw market share gains while Lenovo and HP lost share). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Lenovo is likely to maintain its market leading position going forward, barring any unforeseen events. Net Income (profit attributable to equity holders). To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. You also have the option to opt-out of these cookies. Lenovo has celebrated what it has dubbed as achieving 'historic highs' for FY21. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. But opting out of some of these cookies may affect your browsing experience. Commercial PC revenue was up by 25 percent year-over-year, while non-PC revenue was up by 22 percent year-over-year.
Lenovo Group annual/quarterly revenue history and growth rate from 2010 to 2022. An enhanced product portfolio enabled its smartphone business to capture record market shares in the United States. Lenovo is a global technology powerhouse with revenues of more than $70 billion, ranked 159th on the Fortune Global 500, employing 75,000 people worldwide, and serving millions of customers in 180 markets. Premium PC segments delivered high growth with workstation and gaming revenue growing 40% and 27% year-on-year, respectively. With another record quarter, we delivered the 6th quarter of more than 50% net income year-on-year growth, and the first US$20 billion revenue quarter in our history. Living his life at the intersection of people and technology, Daniel works with the worlds largest technology brands exploring Digital Transformation and how it is influencing the enterprise. By clicking Accept, you consent to the use of ALL the cookies. In managed services, Lenovo will continue to invest in Lenovo TruScale offerings, hybrid cloud solutions and additional software and services based on the companys own IP. These cookies will be stored in your browser only with your consent. It now makes up 8% of group revenue, Lenovo said. This is probably due to Lenovos relatively higher exposure to cost-conscious emerging markets. Chronic Pain Management MarketExpands https://t.co/69ErGG7tEV, Mercado de para tratamiento del dolor crnico seexpande https://t.co/nqaq6Ua4lt, USMCA panel: EU vs Mexico overenergy https://t.co/YdFBj0yehP, Panel en el T-MEC: EU vs Mxico porenerga https://t.co/0PcQFZAhZ6, New tax challenges: BEPS 2.0 andothers https://t.co/MeOt8ABRrN. Internet Explorer presents a security risk. Above all, its PC business remained number one by market share with industry-leading profitability. Zeno Group - LenovoWWcorp@zenogroup.com.
Solutions and Services (subscription-based data center hardware and IT services) reported a 25% YoY rise in revenues which reached USD 1.5 billion for the quarter. Cloud Service Provider revenue grew 38% growth year-on-year; Enterprise/SMB revenue improved 7% year-on-year.
For a global tech leader like Lenovo, that is just what we want to see. Google Cloud to Use Arm-based Processors in Tau T2A VM Expansion, IBM Q2 2022 Revenue Up 9% to $15.5B Amid Macro Headwinds, NVIDIA QODA Boosts Quantum Classical Computing Interactions. This was due to Lenovos relatively large exposure to the Chromebook segment (which saw a steep drop in shipments, driving down overall PC shipments during the quarter). Once again, we have shown that Lenovos innovation, transformation strategy, and strong execution can consistently deliver sustainable profitability increases for the future., Solutions and Services Group (SSG): delivering strong growth and high margins - driving higher overall profitability for the Group. Lenovo is intensifying its push to develop capabilities in these emerging technologies with the company planning to add 12,000 R&D staff over the next three years. When looking at each business segment on a full-year basis, the company reported its intelligence devices group, which is made up of the PCSD and MBG businesses, contributed to 80% of the group's total revenue after it achieved a 22% year on year growth to $48.5 billion. Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. In the companys Intelligent Devices Group (IDG), revenue was $17.6 billion, up 16 percent from $15.2 billion one year ago. The progress indicates a strong combination of the right product mix with an aggressive go to market strategyall while managing margins and supply chains effectively given the global challenges that exist. United Airlines just criticized its own employees. Earlier this month, Lenovo announced a new lineup of PC accessories, called Lenovo Go, targeted specifically for people working in a hybrid workforce. Sure, there will be plenty of continuing pressure from competitors including Dell Technologies, HPE, Cisco, Microsoft, and others, but all signs indicate that Lenovo is preparing itself for continuing success and innovation. Short-term tailwinds could be tapering off as lockdowns ease. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again. As for the company's mobile business group, Lenovo said it managed to recover from COVID-led challenges during the earlier part of the year as evidenced by the 9% climb to $5.7 billion in revenue for FY21. The cookie is used to store the user consent for the cookies in the category "Other. Its 5G for all strategy has paid off, with 5G sales more than tripling in the year in question. This cookie is set by GDPR Cookie Consent plugin. Excluding Chromebook sales, the worldwide PC market grew by a modest 3.9% year over year helped by business PCs which saw an uptick in sales as hybrid work and the return to offices drove demand for desktop devices according to Gartner. Lenovo continues to invest significantly in innovation, with R&D expenses for the quarter up 38% year-on-year, as part of the companys wider commitment to double R&D investment over three years. The Company is dedicated to building PCs and mobile internet devices. Please. The company posted record annual revenue in this segment of $62.3 billion after growing 18% year-over-year despite multiple challenges, including supply constraints, weakness in the education segment, and continued Covid-19 lockdowns. 
The company said its growth during the year was fuelled by its ongoing move to diversify the company in line with its so-called 3S corporate strategy that aims to deliver products and services based on smart IoT, smart infrastructure, and smart vertical solutions. Please consult with a professional investment advisor prior to making any decisions. Its solution was brilliant, United Airlines just made a huge announcement that'll drive customers crazy. This includes higher demand for premier support and customized fulfillment from knowledge workers, nearly half of whom now work remotely. Infrastructure Solutions (data center infrastructure) reported a 19% YoY growth in revenues to USD 1.9 billion. hpe dell YoY to USD 17.6 billion. Lenovo Group Limited is a personal technology company. Similarly, its data centre group achieved $6.3 billion in revenue for the full year, up 15% on the previous year. For perspective, Lenovo had a headcount of approximately 71,500 worldwide at the end of March 2021. Copyright 2022 Futurum Research, All Rights Reserved | Privacy Policy | Terms & Conditions. The full year also saw its software and services business pick up, with revenue growing twice as fast as the company's overall group revenue at almost 40% year on year to $4.9 billion. Lenovo delivers record quarter, as strategy and investments in innovation continue to drive sustainable profitability growth. Segment operating margins improved to 7.7% versus 7.4% the same quarter a year earlier. Longer term, the company is aggressively investing in R&D to grow its IT services capabilities, a small business currently but is rapidly growing and offers positive long term prospects due to 5G-related emerging technologies such as cloud, edge computing, and high speed networks. Lenovo Group revenue for the quarter ending March 31, 2022 was, Lenovo Group revenue for the twelve months ending March 31, 2022 was. Heres a quick breakdown of the important numbers: This strong financial performance for the China-based company is impressive and shows how Lenovo has been quietly making progress in the global market for PCs, servers, laptops, storage, services and more against rivals including IBM, HPE and others. "The worldwide PC market continued to deliver stronger-than-expected momentum in this challenging year as COVID-19 outbreak has brought many lifestyle changes, including the one-PC-per-person trend. Support services saw revenue growth of 21% year-on-year. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. At the start of the year, Lenovo said hybrid work environments, which have increasingly become the new normal, wouldneed technology that is transportableas people will use various workplaces, but not necessarily be "mobile". Strong performance in its premium PC segment may have contributed to the segments profitability which significantly improved during the quarter - segment profit rose 21% YoY to USD 1.4 billion outpacing segment revenue growth of 16%. However, the companys gradual penetration into the high margin PC segment, and developed markets, could help the company potentially improve margins going forward. For Q3 2021, this division generated USD 17.6 billion in revenues (a 16% YoY increase), accounting for 87% of the companys total revenues of USD 20.127 billion for the quarter. Lenovo has also enjoyed stellar performance in Europe over the past few quarters, with the company overtaking HP to emerge as market leader (however HP is not far behind, and the possibility of HP retaking the crown cannot be ruled out). The unit saw the services business rise due to work from home and hybrid work models, as well as companies bringing workers back to their offices and more, according to Lenovo. London Charlotte West, cwest@lenovo.com, +44 7825 605720 Among the emerging smart devices categories, revenue from smart collaboration solutions nearly doubled year-on-year. Yang added the year ended with the company's "fastest growing quarter in almost a decade", pointing out that FY20 Q4 was the "best fourth quarter ever" for the company's PC and smart devices (PCSD) business, which achieved $12.4 billion in revenue, up 46% year on year, as well as its mobile business group that achieved 86% uplift in revenue to $1.54 billion. I have no business relationship with any company whose stock is mentioned in this article. Lenovo led the market with a market share of 24.1%, ahead of HP (market share 21.7%) (HPQ) and Dell (17.4%) (DELL), according to data from consultancy firm Canalys. Q3 basic earnings per share were $5.50 per share, up 66.2 percent from $3.31 one year ago. The market for smart devices continues to benefit from the new normal of hybrid working and the PC market is forecasted to remain strong and stable, shifting to commercial and premium segments. Lenovos margins are nowhere as close as its Western rivals Dell and HP. Infrastructure Solutions (data center infrastructure) reported a 19% YoY growth in revenues to USD 1.9 billion. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Revenues rose 17% YoY to USD 20.1 billion with all major business segments reporting double digit revenue growth. Lenovo is also trying to gain share in the U.S. market, where it currently holds a third position. horwitz venturebeat Read the full press release on Lenovos website, Amazons Stock has Been Stuck in Neutral, but a Host of Catalysts May Soon Change That, Zooms Pandemic-fueled Growth is the Start, Not the End, NVIDIA Overdelivers Again, and Dont Expect that to End Soon, Amazon Turns To Technology To Help Small Business Deal With Intellectual Property Challenges. This category only includes cookies that ensures basic functionalities and security features of the website. Lenovo maintained its market leading position in Q1 2022, although the company lost market share during the quarter according to IDC, Gartner, and Canalys (Asus, Dell, and Apple saw market share gains while Lenovo and HP lost share). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Lenovo is likely to maintain its market leading position going forward, barring any unforeseen events. Net Income (profit attributable to equity holders). To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. You also have the option to opt-out of these cookies. Lenovo has celebrated what it has dubbed as achieving 'historic highs' for FY21. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. But opting out of some of these cookies may affect your browsing experience. Commercial PC revenue was up by 25 percent year-over-year, while non-PC revenue was up by 22 percent year-over-year.
Lenovo Group annual/quarterly revenue history and growth rate from 2010 to 2022. An enhanced product portfolio enabled its smartphone business to capture record market shares in the United States. Lenovo is a global technology powerhouse with revenues of more than $70 billion, ranked 159th on the Fortune Global 500, employing 75,000 people worldwide, and serving millions of customers in 180 markets. Premium PC segments delivered high growth with workstation and gaming revenue growing 40% and 27% year-on-year, respectively. With another record quarter, we delivered the 6th quarter of more than 50% net income year-on-year growth, and the first US$20 billion revenue quarter in our history. Living his life at the intersection of people and technology, Daniel works with the worlds largest technology brands exploring Digital Transformation and how it is influencing the enterprise. By clicking Accept, you consent to the use of ALL the cookies. In managed services, Lenovo will continue to invest in Lenovo TruScale offerings, hybrid cloud solutions and additional software and services based on the companys own IP. These cookies will be stored in your browser only with your consent. It now makes up 8% of group revenue, Lenovo said. This is probably due to Lenovos relatively higher exposure to cost-conscious emerging markets. Chronic Pain Management MarketExpands https://t.co/69ErGG7tEV, Mercado de para tratamiento del dolor crnico seexpande https://t.co/nqaq6Ua4lt, USMCA panel: EU vs Mexico overenergy https://t.co/YdFBj0yehP, Panel en el T-MEC: EU vs Mxico porenerga https://t.co/0PcQFZAhZ6, New tax challenges: BEPS 2.0 andothers https://t.co/MeOt8ABRrN. Internet Explorer presents a security risk. Above all, its PC business remained number one by market share with industry-leading profitability. Zeno Group - LenovoWWcorp@zenogroup.com. Solutions and Services (subscription-based data center hardware and IT services) reported a 25% YoY rise in revenues which reached USD 1.5 billion for the quarter. Cloud Service Provider revenue grew 38% growth year-on-year; Enterprise/SMB revenue improved 7% year-on-year.
For a global tech leader like Lenovo, that is just what we want to see. Google Cloud to Use Arm-based Processors in Tau T2A VM Expansion, IBM Q2 2022 Revenue Up 9% to $15.5B Amid Macro Headwinds, NVIDIA QODA Boosts Quantum Classical Computing Interactions. This was due to Lenovos relatively large exposure to the Chromebook segment (which saw a steep drop in shipments, driving down overall PC shipments during the quarter). Once again, we have shown that Lenovos innovation, transformation strategy, and strong execution can consistently deliver sustainable profitability increases for the future., Solutions and Services Group (SSG): delivering strong growth and high margins - driving higher overall profitability for the Group. Lenovo is intensifying its push to develop capabilities in these emerging technologies with the company planning to add 12,000 R&D staff over the next three years. When looking at each business segment on a full-year basis, the company reported its intelligence devices group, which is made up of the PCSD and MBG businesses, contributed to 80% of the group's total revenue after it achieved a 22% year on year growth to $48.5 billion. Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. In the companys Intelligent Devices Group (IDG), revenue was $17.6 billion, up 16 percent from $15.2 billion one year ago. The progress indicates a strong combination of the right product mix with an aggressive go to market strategyall while managing margins and supply chains effectively given the global challenges that exist. United Airlines just criticized its own employees. Earlier this month, Lenovo announced a new lineup of PC accessories, called Lenovo Go, targeted specifically for people working in a hybrid workforce. Sure, there will be plenty of continuing pressure from competitors including Dell Technologies, HPE, Cisco, Microsoft, and others, but all signs indicate that Lenovo is preparing itself for continuing success and innovation. Short-term tailwinds could be tapering off as lockdowns ease. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again. As for the company's mobile business group, Lenovo said it managed to recover from COVID-led challenges during the earlier part of the year as evidenced by the 9% climb to $5.7 billion in revenue for FY21. The cookie is used to store the user consent for the cookies in the category "Other. Its 5G for all strategy has paid off, with 5G sales more than tripling in the year in question. This cookie is set by GDPR Cookie Consent plugin. Excluding Chromebook sales, the worldwide PC market grew by a modest 3.9% year over year helped by business PCs which saw an uptick in sales as hybrid work and the return to offices drove demand for desktop devices according to Gartner. Lenovo continues to invest significantly in innovation, with R&D expenses for the quarter up 38% year-on-year, as part of the companys wider commitment to double R&D investment over three years. The Company is dedicated to building PCs and mobile internet devices. Please. The company posted record annual revenue in this segment of $62.3 billion after growing 18% year-over-year despite multiple challenges, including supply constraints, weakness in the education segment, and continued Covid-19 lockdowns.