Lenovo has summed up the results of the first quarter of 2019
Segment PSCD — one of the two business units of IDG (Intelligent Devices Group) — an increase of 12% compared to the beginning of 2019. The first quarter was historically the most profitable for
units PSCD among similar periods of the past. Income before tax amounted to 524 million U.S. dollars, 98 million dollars more than in the same period last year.
America and the Asia-Pacific region reached 20% and 40% growth in annual revenue, respectively, and each of the four regions (America, Asia Pacific, China, EMEA) earned income
more than 2 billion U.S. dollars.
In the future segment of the PSCD will focus on premium segments and will be engaged in introduction of innovations in IOT devices and developing devices for the home and office.
The PC market is gradually recovering, rising by 13 points, and Lenovo, as reported in the company achieved record share at 24.9%.
IDG — Mobile Business Group (MBG) — shows an increase compared to net loss of 100 million U.S. dollars. On the North American market, the market volume grew by more than 37 points, and profitability
before tax has increased by more than 14 points per annum. MBG showed growth in Latin America and increased by 11 points.
Revenue Data Center Group (DCG) has grown by more than 80% year on year, and Software Defined Infrastructure (SDI) continued its double digit growth rate. Total income has decreased due to
a small number of large cloud customers who reduced their purchases after the rapid growth of infrastructure in the past year, and also due to the reduction in average revenue due to lower prices
The group plans to continue to expand on the data centre market with a full stack, providing sales of SDI, data storage, networking, HPC, AI, IoT services and solutions, and strengthen
own capabilities the design and manufacture of scalable solutions.
Basic earnings per share amounted to 1.37 cents.
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