Reported 5 months ago
Lenovo Group reported a 9% increase in fourth-quarter revenue to $13.8 billion, beating expectations and marking a second consecutive quarter of growth after a post-COVID slowdown. The company's net profit for the quarter rose 118% to $248 million, surpassing analysts' estimates. Lenovo continues to expand its non-PC business and is exploring opportunities in artificial intelligence, with its service business unit revenue growing by 8.5%. Additionally, Lenovo unveiled new AI PCs, anticipating that AI PCs could account for up to 53% of revenue by 2028.
Source: YAHOO