On September 11th, according to the latest "China x86 Server Market Report for the Second Quarter of 2024" from the globally renowned data research institution IDC, Lenovo Group continues to rank among the top three in the Chinese server market, with a year-on-year increase in revenue of 214.7%, the fastest growth among all brands, and has achieved a year-on-year growth of over 200% for two consecutive quarters, solidifying its dominant position in the "first camp" of the domestic market.
Chen Zhenkuan, Vice President of Lenovo Group and General Manager of the China Infrastructure Business Group, said that the remarkable achievements of the Lenovo Infrastructure Business over the past three quarters not only validate the forward-lookingness and correctness of the "One Horizontal and Five Verticals" strategy, but also reflect Lenovo's keen insight and precise grasp of the Chinese market. In the face of the surging wave of AI development, Lenovo Group will unwaveringly adhere to its established strategic goals and vision, and is committed to becoming a leading intelligent IT infrastructure provider in China, striving to write a more brilliant new chapter on this vibrant land.
In the previous quarter, the Lenovo Group's ISG (Infrastructure Solutions Group) achieved multiple historical highs. With the strong growth of cloud infrastructure business, the overall revenue of the Lenovo Group's ISG achieved a year-on-year increase of 65%, and the combined revenue of storage, software, and services increased by nearly 60% compared to the previous year. The revenue of the Neptune liquid-cooled server, which has a unique advantage in energy consumption, increased by more than 50% year-on-year, setting a new historical record. In addition, Neptune technology has accumulated more than 10 years of experience and a leading position in the field, allowing Lenovo to benefit from higher cooling requirements from more powerful GPU platforms in the future.
Lenovo Group's remarkable achievements in the server field are not the result of overnight success, but the crystallization of more than 30 years of profound accumulation and continuous innovation. In particular, in the customer-centric transformation and 3S (Smart, Service, Solutions) transformation process, Lenovo Group, based on global wisdom and local innovation, has launched the Lenovo Wentai server brand, and formed a "Lenovo Wentai + Lenovo ThinkSystem" dual-brand strategy to provide powerful computing service engines for enterprises in various industries with a superior combination, fully meeting the differentiated needs of different customers.
Looking ahead, Lenovo Group will focus on optimizing the business model of ISG, simplifying the product portfolio, improving operations, and continue to utilize industry-leading liquid cooling technology to meet the increasing demand for AI workloads, while also seizing other growth opportunities in the AI server and storage market. Lenovo Group will also deepen its relationships with key strategic partners and actively build an infrastructure platform to support hybrid AI solutions.