Lenovo India Posts Growth in Annual Revenue, Computer Shipment Increased by 20.5 Percent

PC maker Lenovo India has recorded 38 % improve in income to $2.2 billion (about Rs. 17,000 crore) within the monetary 12 months ended March 2022.

The expansion was supported by almost doubling the quantity of manufactured PCs and smartphones in India whereas rising domestically manufactured tablets manifold, the corporate stated on Thursday.

“The entire income for all Lenovo companies in India was $2.2 billion for the complete fiscal 12 months ending March 31, 2022, representing a year-on-year improve of 38 per cent,” it stated in an announcement.

Based on market analysis agency IDC, Lenovo’s shipments grew by 20.5 % to 7.52 lakh PC items and it held 17.6 % market share within the March quarter of 2022.

“Our 38 % improve in income for FY 2021-22 clearly exhibits that Lenovo is assembly the increasing want for transformational know-how options in India. Moreover, this 12 months our service-led transformation technique has proven concrete outcomes, with a 58 per cent rise in our providers reserving income,” Lenovo India Managing Director Shailendra Katyal stated.

Lenovo clocked its second-biggest quarter ever amongst small and medium enterprise the place its shipments grew by 37.5 % to about 2 lakh items, as per IDC.

“In each sector of society – whether or not or not it’s training, healthcare, manufacturing, retail, leisure, or any of India’s rising industries – know-how from Lenovo helps folks reside, work, play, and research smarter,” Katyal stated.

The Lenovo group’s web revenue elevated by 72 % year-on-year foundation to $2 billion and income rising by $10 billion (roughly Rs. 77,603 crore) for the second 12 months working to over $71 billion (roughly Rs. 5,50,981 crore).

“All principal enterprise teams have been worthwhile for the complete fiscal 12 months – with sturdy progress momentum in cell, infrastructure, and options and providers companies,” the corporate stated.

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