Lenovo Beats Q4 Estimates as Revenue Rises 27% to $21.6 Billion on AI Server Push
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Lenovo reported fourth-quarter revenue of $21.6 billion, up 27% from a year earlier and above analyst estimates of $18.7 billion. Net profit rose 479% to $521 million, exceeding forecasts of $271 million.
The results come as the PC maker pushes further into AI server markets, helping lift its latest quarterly performance.
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@techmemeLenovo reports Q4 revenue up 27% YoY to $21.6B, above $18.7B est., net profit up 479% to $521M, above $271M est., as the PC maker pushes into AI server markets (Reuters) (Visit Techmeme dot com for the link and full context!)