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Shailendra Katyal

Shailendra Katyal, Lenovo, IdeaPad 3i Global

Lenovo India Delivers Stable Profitability and Closes FY 2022-23 with US$ 1.9 Billion

Profitability was stable with gross margin and operating margin both delivering 18-year highs and non-HKFRS net margin flat year-to-year. While Lenovo Group revenue was impacted due to the softness in the device market, revenue from non-PC businesses reached a fiscal year high of nearly 40%, fueled by Lenovo’s diversified growth engines of Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG)

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