Lenovo Group Ltd. Reports Stellar First-Quarter Performance

Lenovo Group Ltd. has announced a remarkable 22% year-on-year increase in its first-quarter revenue, totaling $18.83 billion, surpassing market expectations. The company's net profit attributable to shareholders also saw a significant leap, increasing by 108% to $505 million.

Infrastructure Solutions Group Leads with 36% Revenue Growth

The Infrastructure Solutions Group (ISG) stood out with a 36% revenue growth, driven by robust server demand. This surge is attributed to increasing cloud investments from key customers and an expansion in the enterprise segment.

Intelligent Devices Group Achieves Fastest Growth in 15 Quarters

Meanwhile, the Intelligent Devices Group (IDG) reported an 18% annual revenue growth. The group's PC, tablet, and other smart devices businesses experienced their fastest year-on-year revenue growth in the past 15 quarters, marking a significant milestone for Lenovo.