Lenovo Group: Fiscal 2Q20 Financial Results

Lenovo Group Ltd. announced on November 3, 2020 record revenue in the second fiscal quarter of 2020: $14.5 billion, up 7% Y/Y and with all businesses showing strong growth.

Revenue in the enterprise and SMB was close to flat Y/Y but outperformed the market forecast by 3 points. It saw double-digit growth across the business in software defined infrastructure (22%), storage (15%), software (47%) and services (11%).