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Lenovo delivered record-breaking fiscal fourth quarter results with total revenue skyrocketing 48 percent to US$15.6 billion led by significant growth in Lenovo’s PC business.
Fueled by the surge in remote working and learning stemming from the global COVID-19 pandemic, Lenovo’s annual revenue now stands at an all-time high of US$60.7 billion.
“Last quarter, we delivered our fastest growing quarter in almost a decade and closed the fiscal year with the new milestone of passing US$60 billion in revenue and significant growth in profit to a new record,” sad Lenovo Chairman and CEO Yuanqing Yang in a statement. “These historic highs were achieved by leveraging our core competencies of a clear strategy, innovative products, operational excellence, and global-local model to meet the new needs in the New Normal.”
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