LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo and Motorola have announced the Moto Smart Scanner, a next-generation mobile compute scanner designed for enterprise operations in logistics, retail, and healthcare sectors. The device features a 6.5" HD+ display, Honeywell barcode scan engine, Snapdragon 680 processor, and 5,000mAh battery. Protected by ThinkShield cybersecurity solutions, it includes comprehensive device management services like Zero-Touch Deployment and Moto Safe.

The scanner will be available in the US and Canada in early 2025, offering features like AI-powered endpoint defense, remote device configuration, and Premier Support with 24/7 technical assistance. The device comes with a one-year Moto Care Extended Service Plan and includes Lenovo's CO2 Offset Service to help neutralize carbon emissions.

Lenovo has launched ThinkShield Firmware Assurance, a new enterprise-grade cybersecurity solution that provides protection below the operating system through Zero Trust Architecture (ZTA). The solution enables deep visibility and component-level protection using a dedicated embedded controller for platform root of trust during boot time. ThinkShield offers comprehensive security features including supply chain assurance, below-OS protection, and OS-to-cloud security management, helping organizations prevent unauthorized software and firmware installations while providing automatic BIOS policy recovery.

Lenovo announces its biggest Cyber Monday Sale starting December 1 at 6 AM ET, featuring hourly doorbusters and discounts up to 69% off select products. Key deals include ThinkPad X1 Carbon up to 60% off, ThinkPad laptops up to 65% off, IdeaPad laptops from $830, and gaming laptops up to 31% off. The sale continues on December 2 with gaming laptops starting at $895 and tablets from $167. My Lenovo Rewards members will earn double points (6% back) on PC accessories and electronics purchases from November 29 through December 9.

Lenovo announces its biggest Cyber Monday Sale starting December 1 at 6 AM ET on Lenovo.com, featuring hourly doorbusters and discounts up to 68% off select products. Key deals include ThinkPad X1 Carbon up to 60% off, ThinkPad laptops up to 65% off, IdeaPad laptops from $625, and gaming laptops up to 34% off. The sale continues on December 2 with additional offers including laptops starting at $200. My Lenovo Rewards members will earn double points (6% back) on PC accessories and electronics purchases from November 29 through December 9.

Lenovo announces its largest-ever Black Friday Sale with discounts up to 64% on select products. From November 25-27, My Lenovo Rewards members get early access to doorbusters and an additional 5% off sitewide. The main sale runs November 28-30, featuring ThinkPad laptops at up to 63% off and Yoga laptops starting at $700. Notable deals include X1 Carbons at over 60% off, Tiny desktops from $949, and gaming laptops starting at $690. The sale extends through December 1 with IdeaPad laptops up to 60% off starting at $200, tablets from $95, and accessories from $4.99. Members can earn 2X rewards (6% back) on accessories and electronics from November 29 to December 9.

Lenovo announces its largest-ever Black Friday Sale with discounts up to 63% on select products. From November 25-27, My Lenovo Rewards members get early access to doorbusters and an additional 5% off sitewide. The main sale runs November 28-30, featuring ThinkPad laptops at up to 63% off, Yoga laptops starting at $700, and significant discounts on gaming laptops, desktops, and accessories starting at $4.99. Key deals include up to 68% off ThinkPads during doorbusters, IdeaPad laptops starting at $150, and tablets from $70. Members can earn 2X rewards (6% back) on PC accessories and electronics from November 29 through December 9.

Lenovo Group reported strong Q2 FY2024/25 results with revenue increasing 24% year-on-year to US$17.9 billion. Net income rose 48% to US$404 million on a non-HKFRS basis. The company's Intelligent Devices Group (IDG) achieved revenue of US$13.5 billion, up 17% year-on-year, while Infrastructure Solutions Group (ISG) revenue grew 65% to US$3.3 billion. Solutions and Services Group (SSG) maintained double-digit growth for the 14th consecutive quarter, reaching US$2.2 billion with a 20% operating margin. The company's AI PC initiative showed success in China, reaching double-digit share of notebook shipments.

Lenovo and Cisco unveiled new collaborative solutions at Cisco Partner Summit 2024, expanding their strategic partnership announced in May. The offerings include TruScale Meeting Room as a Service, TruScale WorkSmart, Factory and Rack Integration solutions, ThinkAgile HCI hybrid cloud, and SAP HANA solutions with Cisco networking integration. These solutions aim to simplify IT operations, enhance collaboration, and accelerate enterprise AI adoption.

The partnership integrates Cisco's networking, security, and collaboration devices with Lenovo's infrastructure and services. Key features include fully managed meeting room solutions, personalized hybrid work environments, and pre-integrated computing solutions. The offerings are currently available in select markets including the United States, Brazil, Germany, India, and UAE.

Lenovo has appointed Ashley Gorakhpurwalla as Executive Vice President and President of the Infrastructure Solutions Group, effective November 11th. Gorakhpurwalla, a seasoned industry veteran, previously served as President and General Manager at Dell EMC, where he led a $20 billion business including PowerEdge Server, Hyperconverged Infrastructure, and Extreme Scale Infrastructure units. Under his leadership, Dell EMC's server and storage business achieved global market leadership. The appointment comes as Lenovo focuses on its hybrid-AI strategy and infrastructure solutions development.