Lenovo’s annual revenues and profits hit record highs

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Lenovo ended its fiscal 2020/2021 fourth quarter on March 31st. The world’s largest PC maker released its quarterly and fiscal year reports today.

Indicators for the quarter and for the year were record high. Thus, the quarterly revenue amounted to 15.630 billion dollars, which is 48% more than in the same period of the previous financial year. Profit before taxes was equal to $ 380 million, which is 392% more in annual terms. Net income reached $ 260 million, an increase of 512% in annual terms.

Lenovo's annual revenues and profits hit record highs

If we talk about the indicators for the year as a whole, revenue amounted to 60.742 billion dollars, for the first time in the history of the company exceeded the mark of 60 billion. This figure is 20% higher than the value given in the report for the 2019/2020 financial year. Annual profit before taxes reached $ 1.774 billion, an increase of 74% over the year. Finally, net income for the year was $ 1.178 billion, an increase of 77% over the year.

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