Net profit in annual terms increased by 53%
Lenovo’s revenue and bottom-line hit record highs last quarter
During the reporting period, received $ 17.2 billion in revenue, which is 22% more in annual terms. Profit before tax rose 52% to $ 591 million. Net income reached $ 395 million, up 53% from the same period in the previous fiscal year.
Recall that the main activity of Lenovo is the release of personal computers. According to IDC estimates, Lenovo owns 24.0% of the global ready-made PC market in 2020. The manufacturer himself gives a value of 25.3%. In the past quarter, the division’s revenue was $ 14.0 billion, up 27% year-on-year.
