Lenovo Group: Second Quarter Results 2023/24
Chairman and CEO quote – Yuanqing Yang:
- Chairman and CEO quote – Yuanqing Yang:
“Last quarter, despite macro challenges, we saw clear signs of recovery across the technology sector. - Managed services and project and solutions services further expanded in the second quarter, together now making up 56% of SSG’s revenue, up three points year-on-year.
- The storage business reached an all-time revenue record, making Lenovo the third largest storage provider in the world.
- Intelligent Devices Group (IDG): Solidifying market leadership, capturing AI device opportunities
IDG maintained its global No.1 position in the second quarter for both PC shipments and activations, despite market challenges.