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Lenovo Ranks Among Top 20 Tech Companies on FORTUNE Global 500

Lenovo has ranked #224 on FORTUNE’s annual Global 500 List and in the top 20 (#18) of all Technology sector companies cited in the List. The Fortune Global 500 is the annual ranking of the largest 500 corporations worldwide as measured by total revenue. top tech companies

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Together, companies on The Global 500 generated US$33.3 trillion in revenues and US$2.1 trillion in profits in 2019, employ 69.9 million people worldwide, and are represented by 32 countries. top tech companies

The ranking follows a year of strong growth for the company, including revenue for the fiscal year of nearly US$51 billion and record-high profit. The company is focused on delivering sustainable growth it a challenging global environment through both its core businesses as well as new services and solutions opportunities presented by its service-led intelligent transformation.

Lenovo Delivers Outstanding Q1 Performance: Group revenue up by almost 7% year-on-year to US$13.3 billion

Basic earnings per share for the first quarter were 1.80 US cents or 13.95 HK cents.

“Our outstanding performance last quarter proves that Lenovo has quickly regained momentum from the impact of the pandemic and is capturing the new opportunities emerging from remote working, education and accelerated digitalization,” said Yang Yuanqing, Lenovo Chairman and CEO. “While the world continues to face challenges, Lenovo is focused on delivering sustainable growth through our core businesses as well as the new services and solutions opportunities presented by our service-led intelligent transformation.”

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The last quarter has presented multiple industry-wide business challenges, including ongoing geo-political uncertainties and the COVID-19 pandemic. To chart a path through these challenges, Lenovo continues to leverage its core competencies of operational excellence and a ‘global sourcing, local delivery’ approach. Looking to the geo-political landscape, Lenovo continues to believe that cooperation in trade, technology and culture provides significant economic benefits to all markets and will ensure that technology can benefit and empower everyone in society.

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