Lenovo Growth Keeps Partners Ahead Of The AI Curve

Lenovo’s Q4 results clearly show its return to growth and accelerated business momentum as it captures unprecedented opportunities in the era of hybrid AI and realizes its vision of ‘Smarter AI for All’.

  • June 26, 2024 | Author: Alan Strakey
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Remaining relevant requires a proactive approach to change and a commitment to constant improvement. By embracing innovation and staying ahead of the pack, you can position yourself for lasting growth and long-term success. Lenovo has proven this principle true by posting substantial growth in the fiscal quarter that ended on March 31, capitalizing on the opportunities presented by Hybrid AI.

Lenovo's financial highlights for the quarter and its fiscal year which also ended on March 31 are truly remarkable—with year-on-year revenue growth across all business groups in Q4, Group revenue increasing nearly 10 percent year-on-year to US$13.8 billion, net income doubling to $248 million, and a historic high non-PC revenue mix of 45 percent. These numbers showcase Lenovo's strong momentum and strategic focus on capturing the growth potential of AI. Revenue for the full fiscal year was US$56.9 billion, and net income was US$1 billion.

As a valued Lenovo 360 partner, you can gain key insights from Lenovo's success in the AI domain. Lenovo's commitment to innovation and record R&D investment in all of its products—from services to solutions to consumer and commercial PCs to infrastructure, storage, cloud, and edge—increases the AI capabilities of its entire suite of offerings. Lenovo's vision of 'Smarter AI for All' goes beyond just a catchy phrase; it's supported by real actions and tangible results.

One of the most exciting opportunities for channel partners is the rise of Hybrid AI and the potential it brings. Lenovo's AI PC, featuring a personal AI assistant, heterogeneous computing, and privacy protection, is expected to become mainstream in the next three years. With more AI PCs expected to ship in the coming quarters, this shift will spark a new refresh cycle in the industry, offering Lenovo 360 partners a highly profitable opportunity to tap into a rapidly growing market segment and drive their business growth.

Lenovo SSG (Solutions and Services Group) has consistently proven itself a strong growth engine and profit contributor by delivering double-digit revenue growth and operating margin for 12 consecutive quarters. By focusing on developing AI-native and AI-embedded solutions and services to swiftly meet rising customer demands, SSG is well-positioned for service-led transformation and continued growth.

The message is clear for solution providers looking to expand their businesses and boost profits: align your business strategies with the AI-driven future. By leveraging Lenovo's expertise, pocket-to-cloud portfolio, and industry-leading position in AI, channel partners can grow their businesses and contribute to advancing AI technologies worldwide. 

Unlock the potential of AI with Lenovo and shape a smarter future for all. To learn more, watch the “Beyond the Numbers” video or visit the Lenovo 360 partner page.

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