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Lenovo revenue up 20%, profit doubles on AI
Lenovo Group Ltd. reported a notable increase in quarterly profit, driven by rising demand for AI infrastructure and improvements in the global PC market.
For its December quarter, the company’s net income more than doubled to US$692.7 million, exceeding the average estimate of US$365 million.
Revenue grew by 20% to US$18.8 billion, also surpassing projections.
The company’s server division experienced strong growth, bolstered by increased interest in AI services.
Recent Lenovo developments
| Timeline |
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12-Jan-2025 📦 Blinkit expands 10-minute delivery to electronics
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16-Oct-2024 🎓 Lenovo launches first AI hub in Hong Kong
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20-Jun-2023 🤖 In 50 Words: Lenovo invests $1b in AI infrastructure expansion
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05-Oct-2021 🚀 China Roundup: Lenovo to raise $1.5b via Shanghai IPO, and other news
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18-May-2020 📱 After 1.8 billion downloads, a file-sharing app makes a big pivot
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