Lenovo is undoubtedly one of the most recognised PC brand in the industry, having grown from a humble electronic company over three decades ago, the once Legend PC maker from China, today boasts global representation in over 160 countries. Attribution goes to the visionaries of the company and the breadth of portfolios the company lists under its belt from PC, smartphones to servers and TV’s like the popular Thinkpad, Yoga, and Vibe sub brands.
Having turned in a revenue of $46 billion, Lenovo has now been ranked as No. 231 in this year’s FORTUNE’s Global 500 list of the world’s largest companies by revenue which takes fiscal year ending results before 31st march 2015. Up from 286 on the 2014 annual list the company has moved 55 spots in the rankings, placing it just ahead of well-known global companies such as The Coca-Cola Company, at 232 and FedEx at 238. This is the fifth consecutive year Lenovo has appeared on the Global 500 list, steadily climbing in rankings year-over-year and jumping over 200 spots since returning to the list in 2011 at No. 450.
“Our position on the Global 500 list is a celebration of a monumental year for Lenovo, during which we realized 20% sales growth and completed our two largest acquisitions to date with Motorola Mobility and IBM System x,” said Yang Yuanqing, chairman and chief executive officer, Lenovo. “We are steadfast in our journey to become a $100 billion global technology leader that is known and respected around the world.”
Its steady climb in the Global Fortune 500 rankings reflects a strong year in performance and growth. Full year revenue and profit hit a new record level, reaching more than $46 billion, up 20% year-over-year, demonstrating continuous strong momentum. A decade after the IBM PC acquisition, its core PC business remains strong, achieving record market share in 2015 as the undisputed worldwide market leader for two-years running, with continuous growth in revenue and profit. Lenovo is also spurring strong growth in mobile and enterprise as the third largest vendor in smartphones, tablets and x86 servers.
