Lenovo achieved record revenues in fiscal year 2019/2018

Lenovo Company

The company Lenovo to disclose its financial results for the fiscal year 2019/2018, and things look more than promising. The company posted record revenues thanks to the strategy of Intelligent Transformation and strong operating performance. The company recorded its largest revenue ever, which amounted to 51 million USD, this representing an increase of 12.5 percent compared with the previous fiscal year.

Let the strategy of Intelligent Transformation to increase earnings before interest and taxes of about 856 million USD, which represents a spectacular growth of 459 percent on an annual basis. Net income is $ 597 million dollars.

The growth partly to the strong performance of the company in the last quarter of last year with double-digit growth in revenue which reached $ 11.7 million. Led excellent performance to all departments, including Motorola, to improve the earnings before interest and taxes to reach $ 180 million. This performance is the first actor since the acquisition of x86 and Motorola.

Source.

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