Lenovo logs record quarter sales amid strong PC, laptop demand

HONG KONG: Riding on the surge in demand for PCs and laptops in the remote working and learning times, Lenovo Group has announced record Group revenue of $14.5 billion in its second quarter, up 7 per cent year-on-year and with all businesses showing strong growth. Net income was up 53 per cent (year-on-year) to reach $310 million.

Lenovo's Intelligent Devices Group (IDG) continues to lead the growth with all-time record revenue for the PC and Smart Devices Group (PCSD) of $11.5 billion, up 8 per cent year-on-year.

Lenovo's operational capability, timely response to the work and learn from home trend and focus on high-growth and premium segments drove the record quarterly performance. Lenovo leads the global PC market with #1 market share of 23.6 per cent, the company said in a statement. "Our record results this quarter reflect our ongoing commitment to meeting the needs of the rapidly growing work-, learn-and play-from-home economy. All of our core businesses delivered year-on-year growth, while our Software and Services revenue grew to a new record," said Yuanqing Yang, Lenovo Chairman and CEO. (IANS)

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