Lenovo Establishes New Solutions & Services Group to Drive Growth Opportunities

Lenovo will establish a new organizational structure designed to capitalize on the Group’s service-led transformation growth opportunities. Effective April 1, 2021, Lenovo will bring together services and solutions teams and capabilities from across the company to form a dedicated organization – the new Solutions & Services Group (SSG). SSG will further drive the company’s transformation by delivering incremental business across smart verticals, attached services, managed services and ‘as a service offerings’ including DaaS (Device as a Service) and Truscale™.

In the company’s third quarter results, released on February 3, 2021, Lenovo’s total Software and Services revenue* stood at record US$1.4 billion in the third quarter of FY20/21 – over 8% of total group revenue. Revenue* from Attached Services, Managed Services and Solution Services achieved year-on-year growth of nearly 26%, 73% and 49% respectively, while Device-as-a-Service delivered high double-digit growth (74%) year-on-year.

These outstanding results demonstrate the significance of Intelligent Transformation as a long-term growth catalyst for the Group. Looking ahead the Group sees opportunities to leverage its experience and capabilities to build smart manufacturing, smart education, and smart healthcare solutions.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.  Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world. To find out more visit www.lenovo.com, follow us read about the latest news via our StoryHub.