During this week, a slew of companies from across the globe are expected to release their latest quarterly results, with Chinese giants in the center of happenings.Alibaba, which surged over 68% on an annual basis, is to unveil its financial report on February 20, with analysts seeing the company's...
Lenovo Group Ltd. announced in its second-quarter earnings report on Friday that its revenue rose by 24% on a yearly basis to $17.9 billion. Net earnings surged 44% to $359 million, and diluted earnings per share added 40% to land at $2.78. The company said its Intelligent Devices Group...
Nokia Corporation announced on Tuesday that it is partnering with Lenovo Group Limited to create highly reliable and scalable data center networking and automation solutions for Artificial Intelligence (AI), machine learning (ML), and other demanding workloads in different industries, digital...
Lenovo Group Limited shared on Wednesday that its opening-quarter revenue for fiscal 2024/25 landed at $15.4 billion, marking a 20% jump compared to the corresponding trimester last year.During the reported quarter, the Chinese tech giant saw its net income skyrocket by 38% to $243 million,...
Lenovo Group Ltd. intends to include artificial intelligence (AI) in all its personal computers by 2027, the company's Intelligence Devices Group Luca Rossi told Nikkei on Tuesday. "Every PC will have some level of AI," Rossi said. He noted that there is "a lot of interest" in AI PCs in the United States and...
Lenovo said on Thursday that its revenue in the fourth quarter of fiscal 2023/24 amounted to $13.8 billion, marking a 9% increase from the same period a year earlier.
Operating profit climbed 68% to $489 million and net profit surged 118% to $248 million, or 1.95 cents per share.
For the full...
The annual technology conference in Barcelona known as Mobile World Congress (MWC) 2024 saw announcements from the world's leading giants in the technological sector, with innovations ranging from Lenovo's transparent laptop to Samsung's Galaxy ring, and Motorola's wrist...
Lenovo will launch its first personal computer equipped with Artificial Intelligence capabilities by midyear, Lenovo executives told the press on Thursday. The announcement comes as the company faces a significant downturn in the PC market, marked by a 23% decline in net profit during the...
Lenovo Group Ltd. said in its earnings report on Thursday that its revenue in the third quarter of 2023/24 increased by 3% on a yearly basis to $15.7 billion. Its net income fell by 20% year-on-year to $357 million, however, the company's net income margin increased by 0.4% quarter-to-quarter to...
Lenovo Group Ltd.'s Asia-Pacific president, Amar Babu (pictured), predicted in an interview with Nikkei Asia, that personal computers (PCs) embedded with artificial intelligence (AI) chips will revive the PC market.
Babu told the news agency that Lenovo is "very much focused on building AI strategy" by...
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