Lenovo ‘turns the corner’ with $77m Q1 profit PC giant Lenovo Group saw revenue grow 19 percent year-on-year to $11.9 billion and profit hit $77 million, up from a $72 million loss in the same quarter the previous year. Read more: https://zd.net/2OHVXGy Chinese PC maker Lenovo is on a mission to address what it believes is a huge opportunity in the market: To become one of the top three global players in the data centre market. “In the data centre market when you use the broader definition, which includes storage and networking, we’re somewhere in the top 10, but we’re not in top three and so that’s a huge opportunity we want to address,” the company’s data centre group chief customer officer Wilfredo Sotolongo told ZDNet during his visit to Australia this week. The company has been working to achieve this goal since it acquired IBM’s x86 server business in 2014. It’s now at a point where it’s reached a more solid footing, giving Lenovo the confidence to lay out ambitious plans to scale its data centre group to become the world’s largest hyperscale infrastructure provider. Sotolongo said the main motivator is driven by the size of the hyperscale market. “Hyerscale is about becoming more relevant …You cannot ignore hyperscale, which currently makes up a quarter of the market and will grow to the 40-50%. So, the motivator was very simple: We wanted to be participate in much of the market as we can,” he said. See also: Lenovo shipping… [Read full story]
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