2 months ago
Group revenue up by 22% year-on-year to US$17.2 billion
Quarterly pre-tax income (PTI) of US$591 million up 52% year-on-year
Net income up 53% year-on-year to US$395 million
All core businesses delivered both topline and bottom-line year-on-year growth
Announces Group organizational changes to drive services-led growth strategy and transformation
HONG KONG–(BUSINESS WIRE)–$lenovo#earnings
Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) today announced record Group revenue in the third quarter of US$17.2 billion, up 22% year-on-year. This was the second consecutive record-breaking quarter, driven by strong growth across all core business groups as well as the company’s transformation businesses. Profits also set new records, with Q3 pre-tax income up 52% year-on-year to US$591 million, while net income also increased by 53% year-on-year to US$395 million. Lenovo’s sustained growth has been boosted by the company’s innovative