Lenovo Group announces record turnover infinancial year 2021/2022: exceeds altitude 70 billion dollars. Net profit is also very high, which it touches share 2 billion dollars and rises by 72% year on year. All of the Group’s core businesses have been profitable, with some experiencing strong growth.
Lenovo achieves record revenue
The turnover of the Lenovo Group had risen by ten billion dollars last year, yet the company has been able to repeat itself and is growing again by another 10 billion. The result is the record-breaking figure of 71 billion dollarsri.
The push undoubtedly comes from the fact that i50% of companies in the world has inserted digitization nin your own strategy. Hybrid work will continue to drive strong demand for smart devices as well as data centers and other solutions in which Lenovo leads.
The company will therefore continue to invest, doubling the R&D investments nand the next three years up to two billion dollars. Lenovo has however announced a final dividend of 3.8 US cents for each share for the fiscal year ended March 31, 2022.
Yuanqing Yang, President and CEO of Lenovo, explains: “While last year was a tough one for everyone, Lenovo had a record year in terms of earnings and revenues thanks to the acceleration of digital and intelligent transformation globally. All of our core businesses are now profitable for the full year and our new growth engines – SSG, ISG and Mobile – are showing strong development. We will seize this window of opportunity. We will double our R&D investments, drive the service-driven transformation, realize the ESG goals and leverage our flexibility and resilience to take the entire company to new heights. “
You can find more information about Lenovo on the official website.