Lenovo Delivers Solid Results As Diversified Growth Engines And Operational Excellence Drive Profitability
Lenovo News, February 17th, 2023
Lenovo Group announced third quarter results, reporting Group revenue of US$15.3 billion and net income of US$437 million
Group revenue from non-PC businesses reached a high of 41% and profitability remained solid as Lenovo's diversified growth engines of Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG) grew revenue to record highs of US$1.8 billion and US$2.9 billion respectively, up 23% and 48% year-on-year. All main business groups contributed operating profit for the fifth consecutive quarter.