LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo Group (LNVGY) reported record results for Q4 and FY 20/21, showing significant growth across its business. Q4 revenue surged by 48% year-on-year to US$15.6 billion, while pre-tax income reached US$380 million, up 392%. Annual revenue exceeded US$60 billion, marking a 20% increase from the previous year. The company also declared a final dividend of 3.09 US cents per share. Lenovo's diversified strategy continues to drive growth, reflected in strong performances across core segments including PC and Smart Devices and Data Center Group.

GuRu Wireless and Motorola have announced their collaboration to introduce over-the-air wireless power technology for smartphones. This innovative solution, powered by GuRu's RF Lensing™, allows device charging over distances of meters, aiming to enhance consumer experience by removing traditional power concerns. Motorola's history of innovation and GuRu's patented technology combine to create a new era of mobility for smart devices and IoT sensors. Lenovo, which owns Motorola, continues to drive tech advancements with a $50 billion valuation.

Lenovo is launching its Victoria Day Sale on May 24, offering discounts up to 60% on various PCs and electronics. The sale features record-low prices on popular ThinkPad models, including the X1 Carbon Gen 9 and T14 Gen 2. Shoppers can access limited-time deals during Sneak Peek Week from May 17-23 and hourly doorbusters on May 31. Deals extend through June 3 for remaining inventory, with additional promotions starting June 4. Lenovo emphasizes that this sale presents an excellent opportunity for consumers to purchase high-demand technology products.

Lenovo's Memorial Day Sale offers discounts of up to 60% on select PCs and electronics, featuring significant savings on various ThinkPad models. The sale runs from May 24 through June 6, with special promotions including triple loyalty points for MyLenovo Rewards members and hourly doorbuster deals on Memorial Day. Key discounts include up to 45% off ThinkPad products and up to 40% off Yoga laptops. Customers can shop at lenovo.com for the latest offers.

Lenovo (ADR: LNVGY) and Nutanix have launched an As-a-Service solution for Hosted Desktops aimed at enhancing remote hybrid workforce operations. Their study reveals 83% of businesses expect continued remote work post-pandemic. Lenovo TruScale™ offers a comprehensive, secure remote work solution featuring various client devices and easy monthly payments. The initiative targets organizations needing efficient IT systems, especially in sectors like healthcare. The collaboration promises simplified management, potentially reducing infrastructure costs by up to 62%, while enhancing productivity and compliance with data regulations.

Lenovo (ADR: LNVGY) announces the expansion of its partner ecosystem with five new ready-to-deploy AI solutions, targeting various sectors including manufacturing and healthcare. The company collaborates with industry leaders Intel and NVIDIA to enhance its AI-ready servers. A notable project involves the AI solution crowdHEDGE for monitoring COVID-19 compliance in Turin. Lenovo's AI Solutions Accelerator Program aims to streamline AI adoption for enterprises, while their global AI Innovation Centers collaborate with universities to foster research and development in AI technologies.

Lenovo's annual global employee event revealed its transformative plans to evolve from a global devices company into a leader in technology solutions. CEO Yang Yuanqing highlighted unprecedented growth, with revenue increasing by 12% and pre-tax profit up 48% year-over-year during the first three quarters of FY2020. Lenovo's share price has doubled, reflecting strong execution. Key strategies include enhancing device proliferation, expanding end-to-end infrastructure, and leveraging AI for intelligent transformation. Lenovo aims to dominate PC market share and achieve mobile profitability with upcoming 5G innovations.

Lenovo (ADR: LNVGY) has unveiled its next-generation ThinkSystem servers, built on 3rd Gen Intel Xeon Scalable processors and PCIe Gen4 technology. This new lineup features four models – SR650 V2, SR630 V2, ST650 V2, and SN550 V2 – catering to various workloads such as HPC, AI, and cloud. Key enhancements include improved performance, flexibility, and security. Lenovo also introduces innovative cooling solutions to optimize energy efficiency. The announcement highlights Lenovo's commitment to delivering powerful, secure, and efficient infrastructure solutions to meet the evolving needs of businesses.

Lenovo's Future of Work and Digital Transformation study indicates that 83% of businesses anticipate remote work will continue, with 60% of employees favoring hybrid models. The survey of over 8,000 participants reveals that 70% of workers report higher job satisfaction due to flexible work arrangements. Despite this, challenges persist, including slow internet and limited IT support in small businesses. Data security has become a top priority for IT departments, as organizations seek reliable technology partnerships to address these evolving needs.