Investing.com– Lenovo Group () posted record annual revenue and sharply higher profit on Friday, as booming demand for artificial intelligence servers, AI-enabled personal computers, and enterprise services helped offset tariff pressures and rising component costs.
The world’s largest PC maker reported revenue of $83.1 billion for the fiscal year ended March 31, up 20% from a year earlier
Profit attributable to shareholders rose 38% to $1.91 billion.
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Fourth-quarter revenue jumped 27% to a record $21.6 billion, with quarterly net profit surging to $521 million from $90 million a year earlier.
Lenovo said AI-related revenue rose 105% during the year and accounted for one-third of total group revenue, driven by strong growth in AI devices, infrastructure, and services. The company said AI-related revenue represented 38% of fourth-quarter sales.
Its infrastructure solutions unit, which includes servers, returned to full-year profitability, posting record revenue of $19.2 billion, aided by strong demand for AI servers.
The intelligent devices group, Lenovo’s core PC and smartphone business, posted 17% annual revenue growth. Global PC market share reached a record 24.4% in the fourth quarter, the company said.
The board proposed a final dividend of HK33.7 cents per share, up from HK30.5 cents a year earlier.