Lenovo Group (HK:0992) has released an update.
Lenovo Group Limited reported a significant 20% revenue increase and a 38% surge in net profit attributable to equity holders for the first fiscal quarter of FY2024/25, driven by advancements in computing, infrastructure, and services, particularly AI solutions. The company’s R&D investments rose by 6%, while strategic partnerships, notably with Saudi Arabia’s Public Investment Fund subsidiary, are set to bolster its position in the MEA region and enhance its global supply chain. These robust financial results, along with a strong focus on sustainability and diversity, place Lenovo at the forefront of the hybrid AI era.
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