Lenovo has published a report for the next quarter. It recently completed its second quarter of fiscal year 2021/2022. Revenue and earnings were the highest quarterly figures in the company’s history.
Revenue for the reporting period amounted to $ 17.869 billion. This figure is 23% higher than the $ 14.5 billion reported in the second quarter of the previous fiscal year. Profit before taxes in annual terms increased by 58%, from $ 470 million to $ 742 million. Net income in annual terms increased by 65%, from $ 310 million to $ 512 million.
“Lenovo’s new Client-Edge-Cloud-Network-Intelligence IT architecture is gaining momentum and gaining popularity in the industry. With our 3S strategy (Smart Devices / IoT, Smart Infrastructure, Smart Vertical) well executed last quarter, net income and revenues hit new records and we are on track to double our bottom line in three years. At the same time, our investment in R&D increased by almost 60%, ”said Yuanqing Yang, Chairman and CEO of Lenovo, on the quarterly results. “Looking ahead, we will continue to pursue our goal of doubling R&D spending in three years and continuing our service-driven intellectual transformation.”
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