MORE SOFTWARE WITH HARDWARE

The company is aiming for the next big opportunity, as the scenario-based solutions market continues to grow, Lenovo expands from smart devices to smart spaces

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It is a $70 billion revenue global technology powerhouse and a Fortune Global 500 technology company. It serves customers in 180 markets and is fuelled by about 30 manufacturing facilities. And it has a rich portfolio of everything one can need under the sun - tablets, monitors, accessories, smartphones, smart home and smart collaboration solutions, augmented and virtual reality (AR/VR), commercial Internet of Things (loT), software, services, and smart infrastructure data center solutions, including a water-cooling technology for high performance computing (HPC) environments. Let's see what makes it cool in 2022 and how well is this portfolio growing.

REPORT CARD

Lenovo India is sprinting ahead with a revenue jump of around 14 per cent quarter over quarter to $648M across all Lenovo businesses in India in Q2 FY22-23. It has grown sales by 39 per cent to Rs 14,484 crore in 202122 while net profit went up by 215 per cent to Rs 186 crore. This is as per media reports derived from latest regulatory disclosures.

Overall group performance shows that its Second quarter net income grew six per cent year-on-year to $541 million and Group revenue grew to $17.1 billion, up three per cent year-on-year in constant currency. It net income was $541 million. There was strong performance with both the solutions and services business, as well as the infrastructure business, seeing high double-digit year on-year growth - as per the company's reflection.

key partnerships and impact areas

• Partnered with VMwarefor Edge and Cloud Innovation labs

• In September 2022, it brought a VR headset engineered for the enterprise Metaverse