LENOVO GROUP overview

Today at VMware Explore 2023, Lenovo (HKSE: 992) (ADR: LNVGY) and VMware, Inc. (NYSE: VMW) announced the first turnkey solutions from their joint Edge and Cloud Innovation Labs, delivering modern hybrid multi-cloud capabilities to mid-size companies and helping customers more easily harness data to empower their intelligent transformation. Lenovo also unveiled its newest Reference Design for Generative AI in partnership with VMware, a fully integrated Lenovo ThinkSystem solution featuring...

Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced first quarter results, reporting Group revenue of US$12.9 billion and net income of US$191 million on a non-Hong Kong Financial Reporting Standards (HKFRS) [1] basis. Revenue from the non-PC businesses accounted for 41% of Group revenue, with the service-led business achieving strong growth and sustained profitability – further demonstrating the effectiveness of Lenovo’s intelligent transformation strategy. The Group continues to take...

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced its next wave of data management innovation with new ThinkSystem DG Enterprise Storage Arrays and ThinkSystem DM3010H Enterprise Storage Arrays, designed to make it easier for organizations to enable AI workloads and unlock value from their data. Also announced are two new integrated and engineered ThinkAgile SXM Microsoft Azure Stack solutions, enabling a unified hybrid cloud solution for seamless data management. As businesses continue to scale...

HPC and AI as a service available to public and private organizations of any size as part of new agreement UAE to become home to one of the regions first sustainable data centers powered by Lenovo Neptune™ Liquid Cooling Servers HPC Cluster at SRTI to drive transformational change in citizen welfare and security DUBAI, UAE / ACCESSWIRE / July 3, 2023 / Lenovo signed a new agreement with Al Hathboor Bikal.ai, to provide public and private sector customers with cutting-edge high performance...

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced it has reached record annual AI infrastructure revenue of over US$2 billion and unveiled the next phase of its growth strategy, with an additional US$1 billion investment over three years to accelerate artificial intelligence (AI) deployment for businesses around the world. Fueled by increased global digitalization and demand for IT infrastructure upgrades, Lenovo is simplifying the often-complex implementation of new AI capabilities by delivering...

Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced full-year results, reporting Group revenue of US$62 billion and net income of US$1.6 billion, or US$1.9 billion on a non-Hong Kong Financial Reporting Standards (HKFRS) [1] basis. Profitability was stable with gross margin and operating margin both delivering 18-year highs and non-HKFRS net margin flat year-to-year. While Group revenue was impacted due to the softness in the device market, revenue from non-PC businesses reached a fiscal year...

The India edition of Lenovo's global Work For Humankind initiative commemorates the International Year of Millets, aiming to improve the accessibility and productivity of millet farmers in Kanthalloor, Kerala Kanthalloor, a pristine location, is home to 13 tribal wards that have traditionally farmed millet for generations. Using Lenovo technology, volunteers, local students, and influencers will collaborate to make a lasting positive impact in a currently underserved community whilst working...

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new solutions to enable customers to better solve for rapidly growing data management needs, coupled with new milestones in its enterprise storage momentum. For the first time, Lenovo is ranked as the #1 storage provider in the “Price Bands 1-4 (storage <$25K) external storage” category, which represents 61% of the total market for storage device units sold globally 1 . Lenovo also grew to the #5 storage provider globally in all segments,...