Home > Latest News > Lenovo Oz Sales Up 3%, Despite PC Downturn, Global Up 11%

Lenovo Oz Sales Up 3%, Despite PC Downturn, Global Up 11%

Lenovo has delivered a strong first quarter FY22/23 in Australia, netting A$355 million, which represents 3 per cent year-on-year growth.

Globally, Lenovo has beaten the PC downturn, with 11 per cent growth for the quarter.

“This quarter, Lenovo continued to excel and drive momentum from the pocket to the cloud as we push to deliver Smarter Technology for All to consumers and businesses across Australia,” said Matt Codrington, Managing Director, Lenovo Australia and New Zealand.

“Our first quarter revenue grew by 3 per cent year-on-year, to USD 247 million. This was backed by major customer wins across hardware and software and increasing demand for our service-led solutions, demonstrating our services-led transformation strategy and persistent investments in diversifying the business have paid off.

“The continued acceleration in hybrid working also continues to drive growth opportunities.”

Internationally, the group’s net income grew 11 per cent year-on-year to A$741 million, while revenue grew 5 per cent year-on-year to reach A$24.4 billion.

As the PC boom has faded, Lenovo has built its services business. Non-PC businesses during the quarter made up 37 per cent of the overall revenue, “demonstrating its services-led transformation strategy and persistent investments in diversifying the business have paid off and are driving future growth opportunities,” according to the company.

“These new growth engines of solutions and services, infrastructure solutions, and mobile businesses all grew revenue by double digits year-on-year – contributing to both topline growth and Lenovo’s wider commitment to double profitability in the midterm.”

 



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