Lenovo Group Ltd - LNVGY STOCK NEWS

Lenovo has announced a multi-year partnership with DreamWorks Animation, providing high-performance workstations including the ThinkStation P620 and ThinkStation P920 to enhance animation production. This collaboration, building on Lenovo's existing data center role, aims to meet increasing consumer demand for premium content. The workstations, powered by AMD Ryzen Threadripper PRO architecture, offer significant performance benefits for complex animation workflows. This partnership underscores Lenovo's commitment to support innovative solutions in the animation industry.

Lenovo has launched its largest Black Friday Sale, running November 15-25, featuring up to 50% off select ThinkPad laptops and 60% off smart home accessories. Key deals include a ThinkPad X1 Carbon for $1,329 and Yoga Smart Tab for $399.99 on Black Friday. Special offers will commence with one-day deals on November 24. The sale aims to provide significant savings for holiday shoppers, according to VP Carlo Savino. Lenovo, with a revenue of US$60 billion, operates in 180 markets globally.

Lenovo has launched its largest Black Friday Sale from November 15 to 25, featuring discounts up to 50% on select ThinkPad laptops and 60% off smart home accessories. Special one-day offers will begin on November 24, including deals such as the Lenovo 10e Chromebook Tablet for only $99 and additional significant discounts on various models and accessories on Black Friday (November 26). MyLenovo Rewards members can also earn triple rewards points on select purchases.

Lenovo has announced the extension of its Evolve Small campaign in Canada, aiming to support BIPOC-owned small businesses impacted by COVID-19. The company is committing $1 million in grant funding, including $100,000 for Toronto Region Board of Trade (TRBOT) members. The Lenovo Digital Transformation Grant offers $10,000 to ten qualifying businesses, emphasizing equity and inclusion initiatives. Applications are open until January 10, 2022 as part of the TRBOT's Recovery Activation Program.

Lenovo Group (HKSE: 992, ADR: LNVGY) reported record quarterly financial results, with revenue reaching US$17.9 billion—up 23% year-on-year—and net income soaring by 65% to US$512 million. The company aims to double its net income margin in three years, supported by robust R&D investments, which increased by almost 60%. Key business units, including Solutions and Services Group and Infrastructure Solutions Group, showed significant growth, with Solutions and Services revenue growing 30% to US$1.36 billion.

Lenovo’s Yoga brand, in collaboration with Intel, has relaunched its music creative program, For All Creators, this year expanding into art and design. The program will encourage creators to submit designs for a bespoke art installation to be featured in Troye Sivan's performance at Art Basel Miami Beach. Winners will receive a Lenovo Yoga laptop, a Best Buy Creator pack, and the chance to collaborate with Troye and a notable designer.

Lenovo has launched the Kind City project, aiming to transform urban environments through empathy and smarter technology. This initiative features contributions from notable figures like Tan France and Gitanjali Rao. The project serves as a crowdsourced public census and encourages global participation to create a more inclusive city blueprint. Recent research indicates a significant 'Kindness Gap' among city dwellers, where 97% find kindness essential, yet 37% feel their cities embody this. Lenovo seeks input from the public until November 15 to establish fundamental principles for a kinder future.

Lenovo (HKSE: 992) (ADR: LNVGY) introduced groundbreaking solutions at VMworld 2021, including the industry’s first 8-socket VMware vSAN-certified solution and an 8-socket, 12TB HCI solution for SAP HANA, enhancing scalability for mission-critical workloads. The ThinkAgile VX appliance boasts improved lifecycle management, monitoring, and deployment features, resulting in up to 75% faster vSAN deployment. Lenovo is also expanding its ThinkSystem servers for AI workloads, achieving a significant performance boost. Moreover, Lenovo TruScale offers a fully managed hybrid cloud solution for VMware environments.

Lenovo is launching a Black Friday Sneak Peek Sale from October 18 to November 1, offering significant discounts on various products including laptops, desktops, and accessories. Featured promotions include up to 59% off on ThinkPad X1 Carbon laptops and select gaming laptops for less than $1,200. The sale culminates with a doorbuster offer on the Lenovo Legion 5i Pro Gen 6 gaming laptop for $2,089.99. This initiative targets early holiday shoppers, aiming to enhance customer engagement ahead of the holiday season.