Lenovo Delivers Strong FY Q1 Performance - Improves Profitability Across All Businesses, Significant Progress In Capturing Hybrid AI Opportunities
Lenovo News, Thursday, August 15th, 2024
Lenovo together with its subsidiaries ('the Group'), today announced Q1 results for fiscal year 2024/25, reporting profitability improvements across all areas of the business and making significant progress in capturing hybrid AI opportunities.
Group revenue increased 20% year-on-year to US$15.4 billion, net income was up 65% year-on-year to US$315 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS)'1' basis, and non-PC revenue mix was up five points year-to-year reaching a historic high of 47%. The Group's results reflect its clear strategy and strong execution, persistent focus on innovation and operational excellence, as well as the advantages it reaps from being a globalized business.