5/27, 7:05 AM (Source: TeleTrader)
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Lenovo's Q4 revenue surges 48% to $15.6B

Lenovo said on Thursday that its revenue in the fourth quarter of fiscal 2020/21 amounted to $15.6 billion, soaring 48% compared to the same period a year earlier.

Operating profit climbed 188% to $479 million and net profit skyrocketed 512% to $260 million, or 1.94 cents per share.

For the full year ended March 31, the Chinese tech company's revenue stood at $60.7 billion, rising 20% year on year. Operating profit was up 52% to $2.2 billion and net profit surged 77% to $1.2 billion, or 8.91 cents per diluted share.

Breaking the News / NP