Lenovo Group Limited announced its financial performance of the first quarter ending on June 30, 2024, with revenues and equity holdings increasing by 20% and 38% respectively, reaching USD 15.4 billion and USD 0.243 billion. The growth was mainly driven by the computing, infrastructure, and service businesses, with a 6% increase in R&D expenses to support AI innovation. The smart devices business group's revenue and branch profitability increased by 11% and 27%, the infrastructure solution business group's sales increased by 65%, and the solution service business group achieved a new high in first-quarter revenue. The group's operating cash flow increased by 22% year-on-year to USD 0.791 billion. In addition, Lenovo established a strategic partnership with Alat, a subsidiary of the Saudi Arabian Public Investment Fund, to further achieve global supply chain development.

Lenovo Group Limited announced its financial performance of the first quarter ending on June 30, 2024, with revenues and equity holdings increasing by 20% and 38% respectively, reaching USD 15.4 billion and USD 0.243 billion. The growth was mainly driven by the computing, infrastructure, and service businesses, with a 6% increase in R&D expenses to support AI innovation. The smart devices business group's revenue and branch profitability increased by 11% and 27%, the infrastructure solution business group's sales increased by 65%, and the solution service business group achieved a new high in first-quarter revenue. The group's operating cash flow increased by 22% year-on-year to USD 0.791 billion. In addition, Lenovo established a strategic partnership with Alat, a subsidiary of the Saudi Arabian Public Investment Fund, to further achieve global supply chain development.