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Q3 Lenovo’s net profit in fy2021 was $395 million, up 53.1% year on year From Lenovo Group Financial Report

The following is the Q3 Lenovo’s net profit in fy2021 was $395 million, up 53.1% year on year From Lenovo Group Financial Report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

Lenovo Group today released its financial report for the third quarter of 2021. In the third quarter, Lenovo Group’s revenue was US $17.25 billion, a year-on-year increase of 22.3%; its net profit was US $395 million, a year-on-year increase of 53.1%. In the third quarter of this fiscal year, the revenue of Lenovo’s PC and intelligent device business increased by 27% year-on-year, and its global PC market share reached 25.3%, with an annual growth rate of 0.6%.

The intelligent device business group, which is composed of PC and intelligent device business and mobile business group business, outperformed the industry in the third quarter. The group’s revenue increased 25% year-on-year to $15.6 billion, while its profit before tax increased 36% to $935 million, both record highs.

The group’s revenue was $1521 million, up 10% from the same period last year.

The data center business group’s revenue grew 2% year-on-year to a record $1.634 billion, accounting for 9% of the group’s total sales. The loss further decreased by $14 million to $33 million before tax.

According to the financial report, among all products of Lenovo Group, the profit margin of software and services business was the highest. Its invoiced revenue and deferred revenue increased by 36% and 30% respectively, accounting for about 8.1% of the group’s revenue. In these three key business areas, operation and maintenance services, including device as a service (DAAS), increased by 73%. All vertical areas of the intelligent solutions division grew by 49%. Additional services continued to grow steadily, increasing by 26% in the review period.

Lenovo Group’s net cash from operating activities in the third quarter of fiscal 2021 was US $2 billion, up US $1.4 billion year on year, and its net debt decreased by US $755 million year on year. On January 20, 2001, the board of directors of Lenovo approved the issuance of China depository receipts and planned to be listed and traded on the science and technology innovation edition of Shanghai Stock Exchange. The company plans to use the proceeds for R & D, strategic investment in related industries and supplementary working capital.

In addition, Lenovo also announced a new organizational restructuring today to further promote the service-oriented strategic transformation and better grasp the development opportunities of intelligent transformation. Starting from April 1, 2021, Lenovo will integrate the service teams and capabilities of various business departments within the group to form a new business group: Solutions & services group, SSG) is committed to promoting the growth of intelligent solutions, device services, operation and maintenance services and business including device as a service (DAAS).

Financial report of Lenovo Group: in the first quarter of 2014, the revenue of Lenovo Group reached US $10.395 billion, up 18% year on year. Financial report of Lenovo Group: in the first quarter of 2013-2014, the total sales of Lenovo Group was US $8.787 billion. Financial report of Lenovo Group: in the 2012 / 13 financial year, the sales of Lenovo Group reached US $33.873 billion. Financial report of Lenovo Group: in the first quarter of 2012, the net profit of Lenovo Group was US $141 million Financial report of Lenovo group increased by 30% on a year-on-year basis: the business volume of Lenovo Group reached US $9.8 billion in the second quarter of 2013-2014 fiscal year, and the net profit was US $220 million. The net profit of Lenovo Group in the third quarter of 2021 fiscal year was US $395 million, with a year-on-year increase of 53.1%. Lenovo Group established a business group. Announcement: it is proposed to issue China depository certificate and go public on the science and technology innovation board. IBM financial report: Q4 IBM’s revenue in 2020 is US $20.4 billion Net profit dropped 66% year on year, TSMC’s sales growth rate in 2020 reached 25.2%, a record high. Nintendo financial report: by Q2 of 2020, switch sales exceeded 68.3 million. It is estimated that lucky coffee’s revenue in 2020 will be 3.8 billion to 4.2 billion yuan. Amd financial report: Q4 AMD’s net profit in 2020 will be 1.781 billion US dollars, a year-on-year increase of 948%. Tesla: Tesla’s profit in 2020 will be 721 million US dollars Disney’s first annual profit: Disney’s net loss in fiscal year 2020 is $2.832 billion, net profit in the same period of last year is $11.054 billion, and the revenue of Q4 Amazon’s cloud service in 2020 is $45.4 billion, up 30% year on year

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