{"id":57705,"date":"2020-08-16T22:31:21","date_gmt":"2020-08-16T20:31:21","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=57705"},"modified":"2020-08-17T08:38:50","modified_gmt":"2020-08-17T06:38:50","slug":"lenovo-delivers-outstanding-q1-performance-and-strong-growth-overcoming-challenging-global-environment","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/57705-lenovo-delivers-outstanding-q1-performance-and-strong-growth-overcoming-challenging-global-environment\/","title":{"rendered":"Lenovo Delivers Outstanding <span class=\"caps\">Q1<\/span> Performance and Strong Growth, Overcoming Challenging Global Environment"},"content":{"rendered":"<div id=\"singular-article\" class=\"col-8_md-12\" data-push-left=\"off-2_md-0\">\n<h1><span style=\"font-size: 15px; font-weight: 400;\">13 August 2020<\/span><\/h1>\n<div id=\"singular-info\" class=\"grid-noBottom\">\n<div class=\"col text-right\">&nbsp;<\/div>\n<\/div>\n<article id=\"post-10724\">\n<div class=\"at-above-post addthis_tool\" data-url=\"https:\/\/news.lenovo.com\/pressroom\/press-releases\/lenovo-delivers-outstanding-q1-performance-and-strong-growth-overcoming-challenging-global-environment\/\">&nbsp;<\/div>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<ul>\n<li>Group reve\u00adnue up by almost 7% year-on-year to <span class=\"caps\">US<\/span>$13.3 billion<\/li>\n<li>Pre-tax inco\u00adme (<span class=\"caps\">PTI<\/span>) of <span class=\"caps\">US<\/span>$332 mil\u00adli\u00adon, up 38% year-on-year<\/li>\n<li>Net inco\u00adme up 31% year-on-year to <span class=\"caps\">US<\/span>$213 million<\/li>\n<li>Soft\u00adware and ser\u00advices reve\u00adnue* grew 38% year-on-year, to more than <span class=\"caps\">US<\/span>$1 bil\u00adli\u00adon \u2013 now accoun\u00adting for around 7.6% of Group revenue<\/li>\n<\/ul>\n<p><strong><span class=\"caps\">HONG<\/span> <span class=\"caps\">KONG<\/span>, August 13, 2020&nbsp;<\/strong>\u2013&nbsp;<strong>Leno\u00advo Group<\/strong>&nbsp;(<span class=\"caps\">HKSE<\/span>: 992) (<span class=\"caps\">ADR<\/span>: <span class=\"caps\">LNVGY<\/span>) today announ\u00adced Group reve\u00adnue in the first quar\u00adter of <span class=\"caps\">US<\/span>$13.3 bil\u00adli\u00adon, up almost 7% year-on-year (up 10% year-on-year exclu\u00adding cur\u00adren\u00adcy impact). Pre-tax inco\u00adme grew 38% com\u00adpared to the same quar\u00adter a year ear\u00adlier, to <span class=\"caps\">US<\/span>$332 mil\u00adli\u00adon, while net inco\u00adme also increased by 31% year-on-year to <span class=\"caps\">US<\/span>$213 mil\u00adli\u00adon. Basic ear\u00adnings per share for the first quar\u00adter were 1.80 <span class=\"caps\">US<\/span> cents or 13.95 <span class=\"caps\">HK<\/span>&nbsp;cents.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>Our out\u00adstan\u00adding per\u00adfor\u00admance last quar\u00adter pro\u00adves that Leno\u00advo has quick\u00adly regai\u00adned momen\u00adtum from the impact of the pan\u00adde\u00admic and is cap\u00adtu\u00adring the new oppor\u00adtu\u00adni\u00adties emer\u00adging from remo\u00adte working, edu\u00adca\u00adti\u00adon and acce\u00adle\u00adra\u00adted digi\u00adta\u00adliza\u00adti\u00adon,\u201d said Yang Yuan\u00adqing, Leno\u00advo Chair\u00adman and <span class=\"caps\">CEO<\/span>. \u201cWhile the world con\u00adti\u00adnues to face chal\u00adlenges, Leno\u00advo is focu\u00adsed on deli\u00adve\u00adring sus\u00adtainable growth through our core busi\u00adnesses as well as the new ser\u00advices and solu\u00adti\u00adons oppor\u00adtu\u00adni\u00adties pre\u00adsen\u00adted by our ser\u00advice-led intel\u00adli\u00adgent transformation.\u201d<\/p>\n<p><strong>Glo\u00adbal eco\u00adno\u00admic factors<\/strong><\/p>\n<p>The last quar\u00adter has pre\u00adsen\u00adted mul\u00adti\u00adple indus\u00adtry-wide busi\u00adness chal\u00adlenges, inclu\u00adding ongo\u00ading geo-poli\u00adti\u00adcal uncer\u00adtain\u00adties and the <span class=\"caps\">COVID-19<\/span> pan\u00adde\u00admic. To chart a path through the\u00adse chal\u00adlenges, Leno\u00advo con\u00adti\u00adnues to levera\u00adge its core com\u00adpe\u00adten\u00adci\u00ades of ope\u00adra\u00adtio\u00adnal excel\u00adlence and a \u2018glo\u00adbal sourcing, local deli\u00advery\u2019 approach. Loo\u00adking to the geo-poli\u00adti\u00adcal land\u00adscape, Leno\u00advo con\u00adti\u00adnues to belie\u00adve that coope\u00adra\u00adti\u00adon in trade, tech\u00adno\u00adlo\u00adgy and cul\u00adtu\u00adre pro\u00advi\u00addes signi\u00adfi\u00adcant eco\u00adno\u00admic bene\u00adfits to all mar\u00adkets and will ensu\u00adre that tech\u00adno\u00adlo\u00adgy can bene\u00adfit and empower ever\u00adyo\u00adne in society.<\/p>\n<p><strong>Busi\u00adness Group Overview<\/strong><\/p>\n<p>Lenovo\u2019s&nbsp;<strong>Intel\u00adli\u00adgent Devices Group<\/strong>&nbsp;(<span class=\"caps\">IDG<\/span>) con\u00adti\u00adnues to lead the company\u2019s strong per\u00adfor\u00admance. The&nbsp;<strong><span class=\"caps\">PC<\/span> and Smart Devices Group (<span class=\"caps\">PCSD<\/span>)<\/strong>, one of the two <span class=\"caps\">IDG<\/span> busi\u00adness units, grew reve\u00adnue by dou\u00adble digits year-on-year to <span class=\"caps\">US<\/span>$10.6 bil\u00adli\u00adon. Pre-tax inco\u00adme rea\u00adched <span class=\"caps\">US<\/span>$670 mil\u00adli\u00adon, up near\u00adly 28% year-on-year, while indus\u00adtry-lea\u00adding pro\u00adfi\u00adta\u00adbi\u00adli\u00adty impro\u00adved by almost 1 point to a new record of 6.3%. The <span class=\"caps\">PC<\/span> mar\u00adket signi\u00adfi\u00adcant\u00adly out\u00adper\u00adfor\u00admed the indus\u00adtry fore\u00adcast of a mar\u00adket decli\u00adne, with Leno\u00advo retai\u00adning its #1 lea\u00adder\u00adship posi\u00adti\u00adon in the world\u00adwi\u00adde <span class=\"caps\">PC<\/span> Devices mar\u00adket (<span class=\"caps\">PC<\/span> and Tablets). Simi\u00adlar\u00adly, the\u00adre was strong year-on-year growth (45%) in Con\u00adsu\u00admer busi\u00adness reve\u00adnue world\u00adwi\u00adde. &nbsp;Dri\u00adven by the\u00adse suc\u00adces\u00adses, reve\u00adnue grew 30% in <span class=\"caps\">EMEA<\/span> and 18% in Chi\u00adna. Volu\u00adme in high-growth and pre\u00admi\u00adum cate\u00adgo\u00adries such as Gam\u00ading, Thin <span class=\"amp\">&amp;<\/span> Light, Visu\u00adals, and Chrome\u00adbooks all con\u00adtin\u00adued to grow at high dou\u00adble-digits. The world\u00adwi\u00adde e\u2011Commerce busi\u00adness was a nota\u00adb\u00adly stel\u00adlar per\u00adfor\u00admer, with reve\u00adnue growth over 50% year-on-year.<\/p>\n<p>Loo\u00adking to the future, the com\u00adpa\u00adny expects this strong <span class=\"caps\">PC<\/span> demand will be a long-term trend. As a result, Leno\u00advo will focus on inno\u00adva\u00adti\u00adve pro\u00adducts that adapt to the new glo\u00adbal envi\u00adron\u00adment, fur\u00adther streng\u00adthen its glo\u00adbal sup\u00adp\u00adly chain to meet the fast-gro\u00adwing demand, con\u00adti\u00adnue to deve\u00adlop its e\u2011Commerce plat\u00adform and focus on high-growth seg\u00adments to dri\u00adve pre\u00admi\u00adum-to-mar\u00adket growth with lea\u00adding profitability.<\/p>\n<p><span class=\"caps\">IDG<\/span>\u2019s second busi\u00adness unit, the&nbsp;<strong>Mobi\u00adle Busi\u00adness Group&nbsp;(<span class=\"caps\">MBG<\/span>)<\/strong>, while still impac\u00adted by <span class=\"caps\">COVID-19<\/span> and chal\u00adlen\u00adging cur\u00adren\u00adcy exch\u00adan\u00adge rates, has impro\u00adved momen\u00adtum with reve\u00adnue incre\u00adasing by 33% over the last quar\u00adter. Alt\u00adhough reve\u00adnue decli\u00adned year-on-year, volu\u00adme out\u00adgrew the mar\u00adket year-on-year in key mar\u00adkets like Latin Ame\u00adri\u00adca, North Ame\u00adri\u00adca and Euro\u00adpe, with record high mar\u00adket share in both Latin Ame\u00adri\u00adca and North Ame\u00adri\u00adca. Loo\u00adking for\u00adward Leno\u00advo will con\u00adti\u00adnue to levera\u00adge its strong pro\u00adduct port\u00adfo\u00adlio, inno\u00adva\u00adti\u00adve tech\u00adno\u00adlo\u00adgy, par\u00adti\u00adcu\u00adlar\u00adly in <span class=\"caps\">5G<\/span>, and expand car\u00adri\u00ader ran\u00adging to resu\u00adme pro\u00adfi\u00adta\u00adble growth.<\/p>\n<p>The<strong>&nbsp;Data Cen\u00adter Group&nbsp;(<span class=\"caps\">DCG<\/span>)<\/strong>&nbsp;resu\u00admed hyper\u00adgrowth, with reve\u00adnue gro\u00adwing almost 20% to <span class=\"caps\">US<\/span>$1.6 bil\u00adli\u00adon and pro\u00adfi\u00adta\u00adbi\u00adli\u00adty impro\u00adving year-on-year. Nota\u00adble suc\u00adces\u00adses included Cloud Ser\u00advice Pro\u00advi\u00adder busi\u00adness (pre\u00advious\u00adly cal\u00adled hypers\u00adca\u00adle), which grew more than 30% year-on-year, set\u00adting a new reve\u00adnue record by cap\u00adtu\u00adring strong public cloud infra\u00adstruc\u00adtu\u00adre demand dri\u00adven by increased digi\u00adtal con\u00adsump\u00adti\u00adon due to <span class=\"caps\">COVID-19<\/span> lock\u00addowns. Mean\u00adwhile, the cus\u00adto\u00admer base con\u00adti\u00adnues to grow thanks to cus\u00adto\u00admi\u00adzed in-house design and manu\u00adfac\u00adtu\u00adring capa\u00adbi\u00adli\u00adties and an expan\u00added cloud ser\u00advices pro\u00advi\u00adder sales\u00adforce.&nbsp;<strong>Enter\u00adpri\u00adse and <span class=\"caps\">SMB<\/span>&nbsp;<\/strong>busi\u00adness (pre\u00advious\u00adly cal\u00adled non-hypers\u00adca\u00adle) deli\u00adver\u00aded year-on-year reve\u00adnue growth, led by dou\u00adble-digit reve\u00adnue growth in high-growth seg\u00adments such as Soft\u00adware Defi\u00adned Infra\u00adstruc\u00adtu\u00adre and Ser\u00advices, as well as High-Per\u00adfor\u00admance Com\u00adpu\u00adting. Loo\u00adking ahead, we expect long-term growth in the Cloud Ser\u00advice Pro\u00advi\u00adder seg\u00adment and will levera\u00adge the team\u2019s exis\u00adting strength in public and pri\u00adva\u00adte cloud to expand the Edge com\u00adpu\u00adting business.<\/p>\n<p>Lenovo\u2019s&nbsp;<strong>Intel\u00adli\u00adgent Trans\u00adfor\u00adma\u00adti\u00adon<\/strong>&nbsp;con\u00adti\u00adnues to show strong pro\u00adgress as a result of deter\u00admi\u00adned exe\u00adcu\u00adti\u00adon of the <span class=\"caps\">3S<\/span> stra\u00adtegy. Over\u00adall Soft\u00adware and Ser\u00advices reve\u00adnue* grew 38% year-on-year to over <span class=\"caps\">US<\/span>$1 bil\u00adli\u00adon, now accoun\u00adting for around 7.6% of Group reve\u00adnue. Smart IoT reve\u00adnue* grew 39% year-on-year, Smart Infra\u00adstruc\u00adtu\u00adre was up 16% and Smart Ver\u00adti\u00adcals* up 65%, dri\u00adven by Smart City solu\u00adti\u00adons in Chi\u00adna and Smart Health\u00adca\u00adre solu\u00adti\u00adons in North Ame\u00adri\u00adca. Atta\u00adched Ser\u00advice* grew 32% year-on-year, Mana\u00adged Ser\u00advice* (inclu\u00adding fast gro\u00adwing Device as a Ser\u00advice) grew 48% year-on-year and Solu\u00adti\u00adons* grew 54% year-on-year.<\/p>\n<p>* invoi\u00adced revenue<\/p>\n<p><strong>About Leno\u00advo<\/strong><\/p>\n<p>Leno\u00advo (<span class=\"caps\">HKSE<\/span>: 992) (<span class=\"caps\">ADR<\/span>: <span class=\"caps\">LNVGY<\/span>) is a <span class=\"caps\">US<\/span>$50 bil\u00adli\u00adon For\u00adtu\u00adne Glo\u00adbal 500 com\u00adpa\u00adny, with 63,000 employees and ope\u00adra\u00adting in 180 mar\u00adkets around the world. &nbsp;Focu\u00adsed on a bold visi\u00adon to deli\u00adver smar\u00adter tech\u00adno\u00adlo\u00adgy for all, we are deve\u00adlo\u00adping world-chan\u00adging tech\u00adno\u00adlo\u00adgies that crea\u00adte a more inclu\u00adsi\u00adve, trust\u00adwor\u00adt\u00adhy and sus\u00adtainable digi\u00adtal socie\u00adty. By desig\u00adning, engi\u00adnee\u00adring and buil\u00adding the world\u2019s most com\u00adple\u00adte port\u00adfo\u00adlio of smart devices and infra\u00adstruc\u00adtu\u00adre, we are also lea\u00adding an Intel\u00adli\u00adgent Trans\u00adfor\u00adma\u00adti\u00adon \u2013 to crea\u00adte bet\u00adter expe\u00adri\u00aden\u00adces and oppor\u00adtu\u00adni\u00adties for mil\u00adli\u00adons of cus\u00adto\u00admers around the world.&nbsp;To find out more visit&nbsp;<a href=\"https:\/\/www.lenovo.com\/\">https:\/\/www.lenovo.com<\/a>, fol\u00adlow us on<a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Flenovo%2F%3Ftr&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856599665&amp;sdata=ODQUbiO91OLaooCPkjK3x880%2BALmd7wGA%2F10GfqeTkM%3D&amp;reserved=0\">&nbsp;<\/a><a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Flenovo%2F%3Ftr&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856599665&amp;sdata=ODQUbiO91OLaooCPkjK3x880%2BALmd7wGA%2F10GfqeTkM%3D&amp;reserved=0\">Lin\u00adke\u00addIn<\/a>,&nbsp;<a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.facebook.com%2Flenovo%2F&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856609670&amp;sdata=NQdborxe35%2FSdFigEEkQfHhumNDpGQp327K1z%2F6LK2I%3D&amp;reserved=0\">Face\u00adbook<\/a>,&nbsp;<a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Ftwitter.com%2Flenovo&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856619680&amp;sdata=xhM%2BmgKMDufFy%2BzSaAG3vBZig4BAZtbJfYVfK0%2BR3xg%3D&amp;reserved=0\">Twit\u00adter<\/a>,&nbsp;<a href=\"https:\/\/www.youtube.com\/lenovo\">You\u00adTube<\/a>,&nbsp;<a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.instagram.com%2Flenovo%2F%3Fhl%3Den&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856619680&amp;sdata=Ic7Cc5F8zGRT0q3kXRH%2BKm3dTjFi5NcQ6iwFbNkYbbk%3D&amp;reserved=0\">Insta\u00adgram<\/a>,&nbsp;<a href=\"https:\/\/na01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fweibo.com%2Flenovo&amp;data=02%7C01%7CMark.Shadle%40zenogroup.com%7C202839d303f04289eb1b08d5bbf9c6bd%7Cb824bfb3918e43c2bb1cdcc1ba40a82b%7C0%7C0%7C636621603856629685&amp;sdata=eNS%2B%2BjLElg2XJ9fqH0ruQoOLosjuhfEwsT3EP1moJS8%3D&amp;reserved=0\">Wei\u00adbo<\/a>&nbsp;and read about the latest news via our&nbsp;<a href=\"http:\/\/storyhub.lenovo.com\/\">Sto\u00adry\u00adHub<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"at-below-post addthis_tool\" data-url=\"https:\/\/news.lenovo.com\/pressroom\/press-releases\/lenovo-delivers-outstanding-q1-performance-and-strong-growth-overcoming-challenging-global-environment\/\">&nbsp;<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>13 August 2020 &nbsp; &nbsp; Group reve\u00adnue up by almost 7% year-on-year to <span class=\"caps\">US<\/span>$13.3 bil\u00adli\u00adon Pre-tax inco\u00adme (<span class=\"caps\">PTI<\/span>) of <span class=\"caps\">US<\/span>$332 mil\u00adli\u00adon, up 38% year-on-year Net inco\u00adme up 31% year-on-year to <span class=\"caps\">US<\/span>$213 mil\u00adli\u00adon Soft\u00adware and ser\u00advices reve\u00adnue* grew 38% year-on-year, to more than <span class=\"caps\">US<\/span>$1 bil\u00adli\u00adon \u2013 now accoun\u00adting for around 7.6% of Group reve\u00adnue <span class=\"caps\">HONG<\/span> <span class=\"caps\">KONG<\/span>, (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/57705-lenovo-delivers-outstanding-q1-performance-and-strong-growth-overcoming-challenging-global-environment\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[329,368],"class_list":["post-57705","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-lenovo","tag-quartalszahlen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/57705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=57705"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/57705\/revisions"}],"predecessor-version":[{"id":57706,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/57705\/revisions\/57706"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=57705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=57705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=57705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}