Lenovo Q4 revenue increased 10% YoY to $13.8B, net income doubled to $248M, driven by AI focus and innovation.
Lenovo Group, the world's largest PC maker, reported a 10% year-on-year increase in Q4 revenue to $13.8 billion, with net income doubling to $248 million. Lenovo's commitment to innovation and focus on AI helped it achieve a record high percentage for R&D headcount and R&D expense to revenue ratio. The company's momentum in the 2nd half of the fiscal year encourages optimism for the outlook in the year ahead, where it plans to continue leading in AI, investing in innovation, and seizing opportunities presented by hybrid AI.
May 23, 2024
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