After rationalising its PC business and moving Moto into a more strategic location, Lenovo has been able to steady its sales recording its highest revenue since 2014. The company posted the year with US$14 billion, up 8.5% from previous year.

“When we set out on our journey of Intelligent Transformation, our goal was to restore and then accelerate Lenovo’s business momentum, while providing our customers and partners with the best technologies in smart IoT, smart infrastructure and smart vertical solutions – we’re strong, have delivered record-breaking results this quarter and are only getting stronger”, said Yang Yuanqing, Lenovo Chairman and CEO.

During the quarter, the PC and Smart Devices business under IDG reported US$10.7 billion in revenue, up 11.6% , and sequentially extending the Group’s momentum from the previous quarter. Lenovo is able to wrestle the number 1 position back from HP with PC sales market share of 24.6%. A focus on high-growth and premium segments saw Workstations, Thin and Light devices, and Visuals revenue outgrow the market by more than 30 points, Gaming by 16 points and Chromebook by over 220 points.

Motorola which Lenovo acquired in 2014 was able to see recovery in revenue after some strict strategy to reduce expenses, streamline the product portfolio and focus on core markets, notably in North America which saw a breakthrough quarter for the Group. Adding to the bottom line, the Data Centre Group made up the rest contributing US$1.6 billion to the coffers, as staggering 30% increase compared the previous year. The NetApp joint venture, which is now operational in China, is seen to further strengthen the portfolio. Hyperscale once again served as a significant contributor with triple-digit revenue growth and Software Defined Infrastructure (SDI) revenue grew almost 70%.