Lenovo's Profits Increase for the Second Consecutive Quarter Driven by AI Demand
Lenovo's profits have grown for the second consecutive quarter, with the world's largest personal computer manufacturer emerging from an industry slump that has lasted for years and seizing the opportunity of artificial intelligence to drive growth.
According to financial reports, Lenovo's net profit reached $243 million in the three months ending June 30, a year-on-year increase of 38%. This achievement not only exceeded analysts' expectations but also breathed new life into Lenovo after years of industry downturn.
Key Points:
1. 🚀 Lenovo's second-quarter net profit reached $243 million, a 38% year-on-year increase, exceeding analyst expectations.
2. 💻 Total revenue of $15.45 billion, a 20% increase, mainly driven by computers and AI technology.
3. 🌍 Lenovo is actively expanding non-PC business, with non-PC revenue accounting for 47% of total sales, and infrastructure business sales growing by 65%.
#Lenovo#Artificial Intelligence#Copilot#Snapdragon
Lenovo's profits have grown for the second consecutive quarter, with the world's largest personal computer manufacturer emerging from an industry slump that has lasted for years and seizing the opportunity of artificial intelligence to drive growth.
According to financial reports, Lenovo's net profit reached $243 million in the three months ending June 30, a year-on-year increase of 38%. This achievement not only exceeded analysts' expectations but also breathed new life into Lenovo after years of industry downturn.
Key Points:
1. 🚀 Lenovo's second-quarter net profit reached $243 million, a 38% year-on-year increase, exceeding analyst expectations.
2. 💻 Total revenue of $15.45 billion, a 20% increase, mainly driven by computers and AI technology.
3. 🌍 Lenovo is actively expanding non-PC business, with non-PC revenue accounting for 47% of total sales, and infrastructure business sales growing by 65%.
#Lenovo#Artificial Intelligence#Copilot#Snapdragon