15 August 2019 – Webmains Tech News | Lenovo Group announced the results of the first quarter where the results reached 85.3 billion yuan with a constant increase of 111% of the yearly Net Profit.
In the mobile sector, the profit was improved by nearly 700 million yuan by the increase in mobile sales by 28.4% yearly and pre-tax profit margin exceeds 14%.
In terms of personal computers sector, Lenovo’s sales increased by 17.9% yearly by ranking the first in the global PC market with a part of 13% by a market share that reached 24.9%.
In term of Datacenter, the Business sector continues to handle losses by increasing the market share concerning the x86 server, furthermore, storage and network services achieved significant growth in the first quarter with a storage business turnover that increased by more than 80% yearly.
Yang Yuanqing The Chairman and CEO said in the media: “In the first quarter, we achieved a favorable start for the new fiscal year with a strong performance. This proves once again that the intelligent transformation strategy we have implemented is correct.
The strong implementation allows us to remain in a volatile environment. Achieving sustainable profitable growth. With excellent operations and firm execution, we are confident that we will turn the new vision of ‘intelligence, for every possible’ into reality.”