Yuanqing Yang’s Post

Yuanqing Yang

Chairman and CEO at Lenovo

2mo

As we announce Q4 and full-year results, here are my thoughts on Lenovo's business and what’s driving our accelerated growth and business momentum. I also share my views on the importance of our continued investment in innovation, focused on our anchor technologies of AI and computing, and how they are helping us realize our vision of ‘Smarter AI for All’ and further lead in the AI era. #LenovoEarnings 🔗: http://lnv.gy/Q4FY2324

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Transcript

Hello team. Today we released our fiscal year 2023-2024 fourth quarter and full year results. After we resumed the year year revenue growth in fiscal Q3. We have accelerated that momentum in physical Q4. We grow our revenue by almost the 10% year on year. And the more than doubled our net income. In Q3? We said all business groups would resume year, year growth in Q4. We not only achieved that but delivered even better results. And BG is SG and SG grow by double digits year year. Driving our non PC revenue mix to our record high of almost 45%. Specifically for each business in the fourth quarter? Our SG. Deliver the top of digital revenue growth and over 21% operating profitability. After achieving record penetration rate for PC support services and high growth. In hybrid cloud and digital workplace solutions. SSG is moving faster to build AI embedded AI native solutions and services. To create more value for our customers. Ohh, I'd grow its revenue significantly from the same period of last year by over 15%. Although it's the profitability still needs to be improved. We have a solid plan in place to drive a return to profitability. And we will also strengthen our number three position in AI infrastructure through a more competitive portfolio and turning the solid pipeline into actual revenue. And in IDG. We expanded our leadership position in global PC market. And the maintain the industry-leading profitability. In PCs, we are #1 in four out of five geographies. And we achieved the record market share in North America. And we grow both smartphone shipment and revenue by double digits and the significant premium to the market. Going forward I DG. Will lead AIPC revolution globally and continue to innovate and diversify, expanding into more AI devices such as a smartphone, tablet and Arbor. And build a seamless collaboration across devices. And for the full fiscal year? Although our group revenue and profitability declined. Amid the numerous headwinds in the macro environment. It's important to note that for the second-half of the year, our revenue grow almost 6% year year. And our profitability recovered from year on year decline in the first half to flat in the second-half. Even more, we increased our R&D investment focusing on our anchor technologies of AI and computing. Ohh, R&D expense to revenue ratio, R&D headcount and its percentage or achieved record highs? So team. We can now say that. We have successfully navigated the industry downturn. And we are now capturing the new growth opportunity. Last October at Austin Tech World event, we launched our Hybrid Air strategy. Last month at the Shanghai Tech World, we demonstrated our full stack air capabilities supporting this strategy. Especially by launching our very first batch of Aipcs. For China market. Such rapid progress fills us with confidence and optimism for the new fiscal year. With our smarter air for all vision. Clear strategy. Strong execution. Continued innovation and operational excellence we will lead in the era. Thank you team. Novo.

Director at Shwastik Tech Solutions Pvt.Ltd. CHANAKYA UG Fellowship by iHUB FOUNDATION @IIT PATNA | Student at B.P.M.C.E Madhepura

1mo

I have a unique ideas and features for a Lenovo laptop.

Florian Richter

Florian Richter

Service & Solutions Group Leader Germany, Austria, Switzerland

2mo

Proud to be part of such a great team! #wearelenovo

Sales/Sales support - Project/Program/Customer Success Manager ➧ Delivers Projects and Programs to Drive Customer Satisfaction at IBM US - MBA - Green Card

2mo

Congrats Lenovo team! You ROCK! I am a big fan of this brand!

Nour-Eldin Zaki

Nour-Eldin Zaki

Regional MNC Manager @intel for Lenovo EMEA / META / Global Accounts . Country Manager Intel Egypt LLC

2mo

Well done Lenovo 👏

Dylan Boone Lowther

Dylan Boone Lowther

Global Sales @ Lenovo

2mo

Awesome update YY!

Senior Cloud Enterprise Architect - APAC

2mo

Excellent!!

Jørgen Lochtenberg

Jørgen Lochtenberg

Company Owner ForeverIT B.V.

1mo

Well said!

Sr. Assistant Maitre D' - DR Carnival Cruise Line

1mo

Great advice!

Lawrence Pedrajas

Lawrence Pedrajas

Country Manager - IT Telco | Telecommunications | Smartphone & Tablet | Business Development Head | Sales & Marketing Leader

2mo

Interesting! And congratulations

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