Lenovo reports record quarterly and annual revenue


Lenovo released its last quarter and fiscal 2020-2021 overall report that revenue was a record over the past decade, driven by growth across all key business areas.

Lenovo’s fourth-quarter revenue rose 48% year-on-year to $ 15.6 billion. Profit showed the highest growth rate in two years: before tax, it was $ 380 million; and after – $ 260 million, showing an increase of 392 % and 512% yoy, respectively.

In the segment of personal computers and smart devices, quarterly revenue reached $ 12.4 billion, up 46% over the same period last year. Tablet shipments jumped 157% year over year, roughly three times the market.

The Mobile Business Group’s revenue increased 86% year-on-year to $ 1.54 billion. The Infrastructure Solutions Group brought in $ 1.6 billion, up 32% year-on-year.

The company’s annual revenues exceeded $ 60 billion for the first time, an increase of more than $ 10 billion, or 20% in one year. Profit grew even faster: before tax, it amounted to almost $ 1.8 billion, and net profit – $ 1.2 billion. Both indicators grew by more than 70% year-on-year.

“The last quarter was the most successful in almost ten years. We ended the fiscal year with a new milestone – $ 60 billion in revenue and strong profit growth. We were able to achieve historic highs by developing competencies as part of a clear strategy: product innovation, operational excellence and a global-local model that meets customer needs in the “new normal,” notes Lenovo.

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Lenovo to build HoreKa supercomputer to become one of the ten most powerful in Europe

Lenovo and its business partner Pro-Com will implement a project to create a high-performance computing complex HoreKa. This system will become one of the ten most powerful supercomputers in Europe this year.

The customer of the complex is the Karlsruhe Institute of Technology (KIT) – a German research university. The system is based on Lenovo ThinkSystem servers in a hybrid configuration with direct liquid cooling. The overall performance of the supercomputer will be 17 Pflops.

In total, nearly 60,000 cores of the next generation Intel Xeon Scalable processors will be used. They will be accompanied by 740 NVIDIA A100 accelerators with hot water cooling. The volume of the main memory is 220 TB. For data exchange between the nodes, the NVIDIA Mellanox InfiniBand HDR network with a bandwidth of up to 200 Gbps per port will be used. The parallel file system Spectrum Scale will provide storage of more than 15 PB of information.

The system will be used ” for research in the field of energy sources and vehicles, materials science, earth sciences, biomedical sciences, as well as in elementary particle physics and cosmomicrophysics .” In addition, Lenovo will provide GOAST (Genomics Optimization and Scalability Tool), an optimized bioinformatics solution, which, in particular, will significantly speed up the genome sequencing process.

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