Housebound Consumers Lift Lenovo to Record Revenues & Profits (HKEXnews)

• Group revenue and profit attributable to equity holders increased by 22 and 53 percent year-on-year, respectively, to all-time highs, thanks to operational excellence, product innovation, and quick time-to-market to capture new demand across business groups
• Software and Services business, which carries the highest margin profile among all products, delivered record performance with its invoiced revenue growing 36 percent year-on-year, representing around 8.1 percent of the Group’s revenue
• The PC and Smart Device business outperformed the market with sales and pre-tax profit growth of 27 and 35 percent to set new records; its unique hybrid manufacturing strategy provided greater efficiency, control, and flexibility to facilitate share gain
• The Data Center Group achieved its highest quarterly revenue ever and further narrowed the pre-tax loss by US$14 million year-on-year to a pre-tax loss of US$33 million, partly driven by a higher services attach rate and upselling of premier services
• The Mobile Business Group resumed profitability with 10 percent revenue growth; continued efforts to optimize the product portfolio has helped drive a mix shift towards higher-end models and expand average selling price
• Net cash generated from operating activities was US$2.0 billion, up US$1.4 billion year-on-year READ MORE (OPEN PDF FILE)

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