News Articles

Lenovo Group: Full Year Financial Results 2020/21 HONG KONG -Sunday 30 May 2021

(BUSINESS WIRE) -- Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) today announced record results for the Group for both its fourth quarter and fiscal year, with phenomenal growth across all parts of the business. The results demonstrate the Group’s resilience and ability to achieve balanced,...

Lenovo Outlines Company Transformation Strategy - From Devices To Solutions Company -Friday 16 April 2021

(BUSINESS WIRE) -- Today, during its annual global employee kickoff event broadcast to 63,000 employees, Lenovo unveiled its plans to drive transformation from a global devices company to a technology leader in global devices + solutions, services, and software. Lenovo CEO Yang Yuanqing and...

Ride the Remote Revolution to Future-proof Your Business -Tuesday 23 March 2021  

70 percent of global employees surveyed report higher job satisfaction and 56 percent feel more productive at home Employees prefer the flexibility of working remotely, with 88 percent of participants from large companies wanting to work from home (WFH) or work from anywhere (WFA) at least...

Lenovo to Be Main Sponsor of Red Bull Illume Image Quest 2021 -Saturday 27 February 2021  

Two-year partnership effective for 2021 contest and continues into 2022 for global tour. Familiarizes adventure and action sports photographers, creators, and outdoor adventurers with Lenovo consumer PCs and smart devices sub-brands. Announces ‘Best of Instagram’ by Lenovo as key...

Lenovo Signs as Title Partner of Ducati MotoGP Team -Wednesday 10 February 2021

(BUSINESS WIRE)-- Today, Lenovo and Ducati are announcing Lenovo as the Title Partner of the Ducati MotoGP Team and unveiling the new “Ducati Lenovo Team” name effective immediately. The announcement builds on Lenovo’s three-year key technology partnership with Ducati and sees the new...

Lenovo: Long Term Sustainable Growth Strategy Drives Record Results for Second Consecutive Quarter -Wednesday 3 February 2021

(BUSINESS WIRE)-- Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) today announced record Group revenue in the third quarter of US$17.2 billion, up 22% year-on-year. This was the second consecutive record-breaking quarter, driven by strong growth across all core business groups as well as the...

Lenovo Delivers Record Results, Fueled by Strong Q2 Growth Across All Business Groups -Tuesday 3 November 2020

Group revenue up by 7% year-on-year to US$14.5 billion Q2 pre-tax income (PTI) of US$470 million, up 52% year-on-year Net income up 53% year-on-year to US$310 million Group sees significant future growth opportunities well exceeding analyst forecasts (BUSINESS WIRE)-- Lenovo Group...

Lenovo Granted Strong Investment-Grade Ratings by ‘Big Three’ Credit Rating Agencies -Wednesday 14 October 2020

(BUSINESS WIRE)-- Following a thorough assessment by the world’s three leading credit rating agencies, Lenovo Group (HKSE: 992) (Pink Sheets: LNVGY) has received strong inaugural investment-grade ratings. Moody’s rated Lenovo ‘Baa3’ with a stable outlook, Standard & Poor’s assigned...

Lenovo Delivers Outstanding Q1 Performance and Strong Growth, Overcoming Challenging Global Environment -Thursday 13 August 2020

(BUSINESS WIRE)-- Lenovo Group (HKSE: 992) PINK SHEETS: 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...

Lenovo Delivers Robust Revenue and All-Time Record Pre-Tax Income for FY19/20, Weathering Global Economic Challenges to... -Tuesday 26 May 2020

Full-year revenue exceeding US$50 billion for second consecutive year Historical high pre-tax income of US$1.02 billion, up nearly 19%. Net Income of US$665 million, a 12% increase year-on-year and above market consensus Breakthrough year for Software and Services, with revenue* of US$3.5...

Lenovo Delivers Record Setting Q3 Performance With All Time Revenue And PTI Highs -Sunday 23 February 2020

All time Group revenue record of US$14.1 billion Pre-tax income (PTI) grew to record US$390 million, up 11% year-on-year Net income up 11% year-on-year to US$258 million Strategic Intelligent Transformation growth areas delivering results - Software and services revenue* reached US$1...

Lenovo Q2 Momentum Powered By 9th Consecutive YoY Quarterly Revenue Growth, Strong, Positive PTI and Net... -Thursday 7 November 2019

(BUSINESS WIRE)-- Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) today announced Group revenue in the second quarter reached US$13.5 billion, the ninth consecutive, year-on-year quarter of growth. Pre-tax income grew 45% compared to the same quarter a year earlier, to US$310 million. Net income...

Lenovo Kick-Starts FY19/20 With Industry Leading Growth, Doubling Year-on-Year Income Through Strong Customer Focus and... -Friday 16 August 2019

Group revenue grew year-on-year for eight consecutive quarters, reaching US$12.5B in Q1 FY19/20 PTI more than doubled to US$240M year-on-year, up US$127M Net income was US$162M, up US$85M year-on-year, also more than doubling One in every four PCs built worldwide is a Lenovo PC, thanks...

Lenovo Introduces Single-socket Servers, Designed Specifically for Edge and Data-intensive Workloads -Saturday 10 August 2019

Lenovo’s new ThinkSystem SR635 and SR655 single-socket server platforms are specifically built to harness the full potential of AMD EPYC™ 7002 Series processors Enhance video security and other critical applications for edge and virtualized environments with greater storage, processing...

Lenovo Achieves Record Revenue for FY18/19 Driven by Success of Intelligent Transformation Strategy and Strong... -Friday 24 May 2019

Lenovo posts record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year Intelligent Transformation strategy drives PTI jump to US$856 million – up more than four times at 459% YOY Net income is US$597 million, an increase of US$786 million...

Lenovo Announces Data Center Portfolio Refresh – Featuring New Intel® Processors, Persistent Memory and... -Thursday 4 April 2019

(BUSINESS WIRE)-- Lenovo (HKSE: 992) (ADR: LNVGY), a Fortune Global 500 company and a technology leader in Intelligent Transformation, today announced a series of upgrades to its ThinkSystem and ThinkAgile data center infrastructure portfolios, aligned with Intel’s launch of the 2nd Generation...

Lenovo Data Center Group Delivers Broad Edge Computing Portfolio, Expands Investments in IoT -Saturday 23 February 2019

Lenovo unveils its ThinkSystem SE350 edge server, the first of a family of edge servers to come from the firm Lenovo highlights new IoT solutions in video security and surveillance through its partnership with Pivot3 and Future-Ready Retail Store Infrastructure through its partnership with...

Lenovo Delivers Strong Performance with Highest Quarterly Revenue in Four Years and Record Pre-Tax Income -Friday 22 February 2019

Highest quarterly revenue for four years (since Q3 FY14/15) – US$14 billion, up 8.5% year-on-year (YOY) and 6th consecutive quarter of YOY revenue growth All-time record high PTI of US$350 million - jumped 133% YOY Recorded net income of US$233 million for the fiscal quarter,...

Lenovo Announces Lenovo TruScale™ Infrastructure Services – a Consumption-Based, as-a-Service Offering -Thursday 14 February 2019  

New infrastructure subscription service provides customers with more flexible, agile and efficient solutions IT organizations can deploy and refresh data center hardware, software solutions and services without capital investment Customers pay for what they use with a flexible,...

Clear Mission, Strategy and Execution Power Lenovo to Third Straight Double-Digit Quarterly Revenue Growth and... -Friday 9 November 2018

Q2 revenue up 14% to US$13.4 billion, the highest quarterly revenue in nearly four years; and third consecutive YOY double-digit quarterly growth Q2 PTI of US$213 million jumped 89% sequentially; up more than 503% (+US$178 million) YOY, with all businesses reporting profit...