Lenovo Group unveiled its full-year financials for the 2020/2021 fiscal year, and it shows some impressive performances. The Group had a solid fourth-quarter result and achieved a milestone of crossing the $60 billion mark in revenues for the fiscal year. Profits also showed record-breaking levels, which indicates that the Lenovo brand is on the right trajectory in its development.
Exceptional growth indices were recorded across the Group’s businesses, reflecting a solid outlook for the company. It also demonstrates resilience, consistency, and an ability to engender sustainability across the Group. The Lenovo Group continues to expand its outreach through diversification to areas of strong competencies, which could have resulted in the impressive and record-setting financial results released. The company’s corporate strategy is the 3S, which denotes a preference for Smart applications and technology in the Internet of Things, Infrastructure, and Solutions. The company hopes to continue to sustain its strong performance, going forward and will explore growth opportunities created by trends in the tech marketplace.
A close look at the numbers from the financials shows a 48% increase in revenue accruals to the Group to $15.6 billion. A massive 392% jump in pre-tax profits was observed together with another 512% surge in profits after tax, which is a record, by the way.
The financial results show that the Group performed excellently across several performance indicators, and its shareholders are expected to reap bountiful returns on their investments this year. Lenovo shareholders will get a dividend of $0.0309 per share for the 2020/2021 fiscal year.
According to Lenovo’s Chairman and CEO, Yuanging Yang, the company delivered its best-ever performance in almost a decade in the last quarter of the fiscal year. It achieved a milestone of $60 billion in revenue on the back of a strong focus on the company’s core competencies.
The growth pattern showed significant contributions from various segments of the Group including laptops, tablets, data, cloud services, and smartphones, amongst others. It also showed a growing global presence of Lenovo, with solid performances observed in Europe, North America, and the Asia Pacific.
The company will continue to leverage its core mandate while interfacing with new opportunities as it seeks to sustain this strong performance.
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