Lenovo Group: Second Quarter Financial Results 2024/25
LENOVO GROUP LTD S/ADR (LNVGY)
NASDAQ:AMEX Investor Relations:
www3.lenovo.com/us/en/lenovo/investor_relations
Company Research
Source: Business Wire
Lenovo delivers robust, sustainable, and accelerated growth - focus on hybrid AI driving market differentiation and industry leadership HONG KONG--(BUSINESS WIRE)--Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group’), today announced Q2 results for fiscal year 2024/25, reporting significant increases and growth in net income, year-on-year revenue growth for the 4th consecutive quarter, and strong double-digit year-on-year revenue increases from all its business groups. Group revenue increased 24% year-on-year to US$17.9 billion. Net income was up 48% year-on-year to US$404 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS)[1] basis, and non-PC revenue mix was up five points year-to-year to 46%. The Group’s results reflect its clear strategy, operational excellence, investment in R&D, innovations in hybrid AI, and global footprint.The Group’s hybrid AI strategy and years of continuous investment in R&D and innovations are payi
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