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| Lenovo's third-quarter results hit a record $ 14.1 billion |
Lenovo Group announced that the group's sales in the third quarter for the tenth year in a row amounted to $ 14.1 billion. Earnings before tax increased 11% year-on-year to $ 390 million, and net income growth increased 11% year-on-year to $ 2.58. $ 100 million, basic third quarter earnings per share were $ 2.16.
Yang Yuanqing, president and CEO of Lenovo Group, said: “Despite the geopolitical uncertainty and insufficient supply of industry in the last quarter, we can still do so. Geographical balance, operational excellence, and good strategic implementation. Creating record performance and ultimately achieving sales recorded before Taxes for group sales are one of the primary factors that enabled us to realize this. Opportunities for technological change and encouraging sustainable growth, and helped us to overcome the challenges we face today. ”
Lenovo and global economic factors:
The industry has experienced a number of business challenges in the past quarter, including persistent geopolitical suspicions, shortages of supplies and the new Corona virus.
In this regard, the highest priority remains to ensure the health and well-being of Lenovo employees, to continue building and rebuilding skills, and to help workers combat epidemics. Lenovo faces some limitations and delays in the short term as the supply chain resumes due to a one-year extension when the plant closes. As a result, the new Chinese will benefit from the geographical balance of the group and its excellent activities and around the world. Create a footprint to control complex supply chain performance and implement your strategy carefully to meet challenges.
the group:
The Lenovo Intelligent Equipment Group continues to lead the company's strong performance. The Computer and Intelligent Equipment Group is one of two smart device companies with turnover of $ 11.1 billion, pre-tax earnings of $ 684 million, and a pre-tax profit of $ 6. 2%.
These benchmarks show the company's overall performance, especially in response to the significant dynamic shortage of CPUs in the divisions.
For personal computers, the company established record deliveries that exceeded two percentage points higher than the growing market, and ranked first in the market, with a market share of 24.3%, an increase of 1.6% over the previous year.
Sales of high-growth products and high-end categories (such as desktops, light and light devices, graphic design devices, video games, and Chromebooks) remain in double digits and outpace the market by a significant rate each year.
Facing constant challenges and looking to the future, Lenovo always relies on its superior operational capabilities to drive further market growth and profitably manage the industry. Lenovo also wants to use innovations to drive growth. Recently (ThinkBook Plus) proved this. The ThinkPad X1 Fold top view laptop houses a foldable screen and is the world's first 5G (Yoga 5G) computer.
As the second business unit in the smart device industry, the mobile communications industry has reached a new level for the fifth time in a row. In the company's main market in Latin America, Lenovo's size outpaced the market by nearly 19 percentage points, and pre-tax profit margin rose to 5.8. %.
Mobile activity will increase profit margins and stimulate growth in new markets. In addition, the newly launched Motorola Razr device indicates that the company will enter the evolving market, which will be the focus of continued attention in the future.
Server deliveries from datacenter groups increase by 18% each year, and the sharp drop in component costs has resulted in lower average system prices, while profitability has improved, so cluster revenue remains stable every year.
The non-super income was the highest in four years and increased almost 16%. Income from the Chinese market alone increased by 46% annually.
Infrastructure storage revenue and software quality grew by more than 40% last year. In this area, the group is expected to grow in all regions, including servers. Storage volumes and quality infrastructure for technical software, operations, and performance calculation services. Increase customer diversity and develop indirect channels.
Intelligent transformation growth is the catalyst for the group:
Lenovo's smart transformation strategy continues to show strong momentum and has become a catalyst for the Group's long-term growth. Software and services sales exceeded the $ 1 billion mark for the first time, an increase of 41% over the previous year and now account for 7% of sales out of the total group.
With the growth of virtual reality, augmented reality, smart home, and smart office technology, sales of Smart Internet of Things tripled to $ 90 million last year.
Thanks to the program's specific infrastructure and virtual network functionality, income from smart infrastructure increased by more than 50% over the previous year. Sales of smart business groups for data in healthcare and education, as well as computer and smart device solutions, tripled, with sales of smart companies tripled.