50spinsnodeposit| A milestone in transformation, Lenovo Group's SSG annual revenue exceeds 50 billion yuan!

May 2350spinsnodeposit, Lenovo Group released its fourth quarter and full-year results for the 2023/2024 fiscal year. Among them, the fourth quarter performed well, with revenue of 99.4 billion yuan, a year-on-year increase of nearly 10%; the main business fully resumed growth, with net profit of 1750spinsnodeposit.80 million yuan, a year-on-year increase of 118%;

Among them, the SSG business performed well in the fourth quarter, with revenue of 13.1 billion yuan, a year-on-year increase of 1050spinsnodeposit.3%, and the proportion of operation and maintenance services and project and solution services in SSG's overall revenue increased significantly compared with the same period last year.50spinsnodeposit5 percentage points, reaching 55%. Key common solution businesses such as digital office space and hybrid cloud have achieved rapid growth, with total contract value (TCV) increasing by 33% and 82% year-on-year respectively. In the fields of cities, education, energy, manufacturing and other fields, we continue to develop artificial intelligence-enabled solutions, and currently have more than 20 successful cases of lighthouse projects. In fiscal year 2023/24, SSG revenue was RMB 53.5 billion.

Faced with the opportunity of hybrid artificial intelligence, Lenovo is using AI to enhance existing solutions such as Care of One digital office solutions, LISSA sustainability solutions and security-as-a-service. In the Chinese market, Lenovo upgraded Qingtian 3.0 and built Qingtian agent engine based on Lenovo's intelligent hybrid cloud, including the core AI development and operation layer, the hybrid model and knowledge base tool layer, and the enterprise's general intelligence business layer to create agent solutions for different industries.

Looking to the future, Lenovo actively cooperates with other AI industry leaders such as Nvidia and Microsoft, and has established close cooperative relationships with more than 50 carefully selected AI leaders in Lenovo's Innovator Program. Lenovo will quickly respond to the growing needs of customers and create artificial intelligence native and embedded solutions and services to further promote high growth and create high profits.

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