Last November 15, Lenovo Group Limited , together with its subsidiaries , announced Q2 results for fiscal year 2024/25, reporting significant increases and growth in net income, year-on-year revenue growth for the 4th consecutive quarter, and strong double-digit year-on-year revenue increases from all its business groups. Group revenue increased 24% year-on-year to US$17.9 billion.
The PC business expanded its market leadership to almost 24% market share, widening the lead to the number two player to four points and with AI PCs reaching double digit share of total notebook shipments for the Group in the China market. It will continue to build differentiation with its industry-leading liquid cooling technology to meet the increasing performance and energy efficiency demands of AI workloads.
Revenue mix from managed services and project and solutions services grew three points year-on-year to account for nearly 60% of SSG’s revenue.The global IT services market is expected to see steady double-digit growth over the next three years, with AI services growing more than twice as fast as the market to become the primary driver of the IT services market.
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