Lenovo Achieves Record Revenue for FY18/19 Driven by Success of Intelligent Transformation Strategy and Strong Operational Performance
LENOVO GROUP LTD S/ADR (LNVGY)
NASDAQ:AMEX Investor Relations:
www3.lenovo.com/us/en/lenovo/investor_relations
Company Research
Source: Business Wire
Lenovo posts record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year Intelligent Transformation strategy drives PTI jump to US$856 million – up more than four times at 459% YOY Net income is US$597 million, an increase of US$786 million from last year Strong fourth quarter performance included double-digit growth (10.1% YOY) on revenue to US$11.7 billion, revenue and profit up across all businesses for the first time since x86 and Motorola acquisitions, and improved profitability: PTI at US$180 million, up 389% YOY; net income up 261% YOY to US$118 million Management highlights strong foundation positioned for future growth, based on a customer-centric, multi-business operating system that can thrive in a transforming world HONG KONG--(BUSINESS WIRE)-- Lenovo Group (
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