On August 15th, Lenovo Group announced its first-quarter results for the 2024/25 fiscal year, with single-quarter revenue reaching 111.9 billion RMB, a year-on-year increase of 20%; net income was nearly 2.3 billion RMB, a significant year-on-year increase of 65%, both exceeding Bloomberg's consensus expectations.

Thanks to the strong growth of its cloud infrastructure business, ISG's revenue achieved a 65% year-on-year increase, setting a new historical record. In addition, the combined revenue of storage, software, and services businesses grew nearly 60%, also reaching a new high. Neptune liquid-cooled servers had more than a 50% year-on-year increase in revenue, and high-performance computing revenue increased by 30% year-on-year.

Lenovo has now formed a server dual-brand strategy of "Lenovo Neptune+Lenovo ThinkSystem":

Lenovo Neptune product series focuses on "local innovation and agility", adapting to domestic components, software, and ecological configurations, as well as exclusive local experts and service teams, to provide customers with end-to-end comprehensive support and quickly respond to user needs.

The Lenovo ThinkSystem product series focuses on "global wisdom and local delivery" and has rich technical strength and industry recognition. It not only has excellent performance for cross-platform and multiple workloads, but also has industry-leading flexibility and reliability to stably and efficiently handle important computing workloads for customers in various industries.

Lenovo Group stated that it will further promote the recovery of ISG's business profitability in the future, with a particular focus on optimizing the business model of enterprise infrastructure business, simplifying product portfolio, and improving operations. At the same time, it will use industry-leading liquid cooling technology to meet the growing workload demand for artificial intelligence, seize other growth opportunities in the artificial intelligence server and storage market, deepen relationships with key strategic partners, and build an infrastructure platform that supports hybrid artificial intelligence solutions.