2020-2021 Best Financial Year of Lenovo with Revenue of $60 Billion

Lenovo's best financial year with record-high revenues and earnings has been attained during 2020-2021. Lenovo crossed the 60 billion dollar milestone in the fourth quarter of 2020 and shows that the company's progress is on the right track.

Lenovo Group grew revenues by 48 per cent compared with last year, an unbelievable revenue of $15.6 billion. Increased earnings before taxes by 392%, and profits after tax soared by 512%, which was a big achievement.

The company generated the most revenue almost the last 10 years, according to Lenovo Chairman and CEO Yuanging Yang. This is likely to provide significant returns on investments in Lenovo this year. The shareholders will get a dividend of $0,0309 per share for the financial year 2020-2021.

This exponential increase resulted from important contributions from several industries, such as laptops, tablets, cloud, smartphones and other sectors. Lenovo Group performed well and developed a strong worldwide presence even throughout an impenademic period on markets like Europe, North America, and Asia.

The company wants to maintain its strong worldwide presence to take advantage of present opportunities and continue to grow.

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