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Alfred Gray
@alfredgray · Aug 15

Lenovo rides the AI wave, sales up 20%

- Significant revenue growth: Lenovo reported a 20% year-over-year increase in revenue to $15.4 billion for the first quarter of fiscal year 2024/2025.

- Artificial Intelligence Computing: Positive reception of Lenovo's first AI computers, launched in May 2024, contributed to growth. The company plans another global launch later this year.

- Leadership: Lenovo has maintained a 23% share of the PC market and expects AI computers to account for more than 50% of the market by 2027.

- Diversification: Non-PC revenue now accounts for a record 47% of total revenue.

- Strong profit growth: Net income grew 65% to $315 million.

- Infrastructure and Services: Lenovo Infrastructure Solutions Group saw 65% revenue growth driven by demand for cloud infrastructure. Solutions and Services Group achieved double-digit growth for the 13th consecutive quarter.

- Future Innovation: Lenovo is focused on continued innovation and strengthening its global footprint through strategic partnerships.

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Bill Combs @billcombs Aug 18

Wow, that's nice. It's interesting, but I'm not really into it.

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Ashraf Aboudar @ashraf_dd Aug 16

Lenovo is interesting, but personally I've never even delved properly into their products. I also see they have pretty low margins.

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Alfred Gray @alfredgray Aug 16

You are right about the margins, anyway the products are fine from my subjective point of view and they are growing really nicely.