LENOVO GROUP(US:LNVGY)2020-11-03 14:44Financial Performance - Lenovo Group achieved record revenue of $1452 billion, a 74% year-over-year increase[6] - Pre-tax income reached $470 million, up 517% year-over-year[6] - Net income increased to $310 million, a 534% year-over-year rise[6] - Software and Services revenue hit a new record of over $12 billion, growing 39% year-over-year and contributing 85% of group revenue[18] Business Group Highlights - PC and Smart Devices (PCSD) revenue increased by 76% year-over-year, setting a new record[7] - PCSD pre-tax income also reached a new record, up 182% year-over-year, with a margin of 63%, a 06 percentage point increase[7] - Mobile Business Group (MBG) revenue grew 1% year-over-year and improved 39% quarter-to-quarter[10] - Data Center Group (DCG) revenue increased by 111% year-over-year, driven by a 341% increase in Cloud Service Provider (CSP) revenue[12, 63] Intelligent Transformation - Smart IoT revenue grew 36% year-over-year[18] - Smart Infrastructure revenue increased 21% year-over-year[18] - Smart Verticals revenue saw significant growth of 72% year-over-year[18] Cash Flow and Debt - Net debt reduced by $319 million year-over-year, supported by strong operating cash flow of $11 billion[46] - Financing costs reduced by $45 million, a 33% year-over-year decrease[46]