Lenovo Group Ltd reported a 21 percent year-on-year increase in revenue for its fiscal year 2024-2025, ending March 31, reaching $69.1 billion, marking the company's second-highest annual revenue. The Chinese technology giant, recognized as the world's largest personal computer manufacturer, also saw its net profit rise by 37 percent to $1.384 billion (approximately 1.226 billion euros). Despite these financial gains, Lenovo's stock price declined. The company experienced strong growth across its product categories, with double-digit increases in sales of PCs, infrastructure, and services. Notably, Lenovo's Infrastructure Solutions Group (ISG) achieved 63 percent year-over-year growth, with its cloud service provider (CSP) or hyperscaler revenue growing by 92 percent. Additionally, revenue from its Liquid Cooling solutions expanded by 68 percent. Lenovo plans to distribute dividends following this robust fiscal performance.
Looking for more NVIDIA earnings breadcrumbs? We have another great sign coming in from Lenovo today. Its Infrastructure group (ISG) saw 63% Y/Y growth while seeing its CSP (hyperscaler) revenue growth grow by 92%. It also saw its Liquid Cooling solutions revenue grow by 68%. https://t.co/f4xepKsgjK
Lenovo’s annual revenue grew 21 percent year over year to $69.07 billion as sales of its PCs, infrastructure and services surged by double digits in each category for “one of the best years in company history,” President of North American Sales Ryan McCurdy told @CRN today.
La tecnológica china Lenovo, el mayor fabricante mundial de ordenadores personales, cae en Bolsa pese a incrementar su beneficio neto un 37% en su último año fiscal, hasta alcanzar los 1.384 millones de dólares. #tecnología #Bolsa Alejandro López de Asiaín