Lenovo hits $1bn revenue landmark

THE pandemic has led to a bumper sales period for Lenovo in Australia and New Zealand, with the company posting combined revenues of more than $1bn for the first time.

Lenovo local managing director Matt Codrington (inset) said that across Australia and New Zealand, as the pandemic changed how people lived and worked, demand for technology had been particularly strong across consumer segments, in education and in the public sector. During the fiscal year ending March 21, 2021, Lenovo posted a total revenue of $1.237bn across all legal entities and areas of the business, including PC and smart devices, infrastructure solutions, and solutions and services, according to results filed with the Australian Security and Investments Commission.

“In terms of revenue it’s been our highest result ever,” Mr Codrington said. “The demand for PCs is going to remain high through to 2025 and beyond.”