May 23, 05:15 AM

Lenovo's Q4 revenue up 9% YoY to $13.8B, beats expectations; net profit rises 118% YoY to $248M, SSG and ISG show growth in third successive quarter

Lenovo's revenue from non-PC areas increased to 45% in the fourth quarter, with both SSG and ISG showing double-digit revenue growth. The company reported a 9% YoY increase in Q4 revenue to $13.8B, surpassing expectations, and a 118% YoY rise in net profit to $248M. Lenovo has seen three consecutive quarters of better-than-expected profit as it rebounds from a low point in PC and server demand.

#Lenovo

Written with ChatGPT (GPT-3).