Lenovo reaches US$2 billion in net income

For the fiscal year ending March 31, Lenovo’s net profit reached US$2 billion (13.6 billion yuan), up 72 percent. The revenue was US$72 billion, up 18 percent.

The Intelligent Devices Business Group (IDG), focusing on smart devices, recorded revenue of US$62.3 billion, up 18 percent. Its operating profit reached a record high of US$4.7 billion, an increase of 27 percent. 

Revenue for Solution Services Group (SSG) was up 30 percent to an all-time high of US$5.4 billion. 

Lenovo’s Infrastructure Solutions Group (ISG) reported full-year revenue growth of 13 percent to US$7.1 billion.