Lenovo has reported for the last quarter of the next financial year and for the year as a whole
Lenovo ended the fourth quarter of the 2020/2021 fiscal year on March 31. Today, the world’s largest PC manufacturer has published its report for the specified period and for the financial year as a whole.
Lenovo’s annual revenues and profits hit record highs
Indicators for the quarter and for the year were record high. Thus, the quarterly revenue amounted to 15.630 billion dollars, which is 48% more than in the same period of the previous financial year. Profit before taxes was equal to $ 380 million, which is 392% more in annual terms. Net income reached $ 260 million, an increase of 512% in annual terms.
If we talk about the indicators for the year as a whole, the revenue amounted to 60.742 billion dollars, for the first time in the history of the company exceeded the mark of 60 billion. This figure is 20% higher than the value given in the report for the 2019/2020 financial year. Annual profit before taxes reached $ 1.774 billion, an increase of 74% over the year. Finally, net income for the year was $ 1.178 billion, an increase of 77% over the year.
