HONG KONG, August 3, 2022 – After achieving historical FY21/22 fiscal year results, Lenovo has been ranked #171 on FORTUNE’s annual Global 500 List and in the top 20 (#14) of all Technology sector companies cited in the List. This is Lenovo’s best performance on record among technology companies, moving up one spot from the previous year.
The Fortune Global 500 is the annual ranking of the largest 500 corporations in the world as measured by total revenue. Together, companies on The Global 500 generated US$37.8 trillion in revenue and US$3.1 trillion in profits in 2021, employ 69.6 million people worldwide, and are represented by 33 countries.
Lenovo’s ranking reflects the company’s global footprint and business across 180 markets in the world, and its intensified commitment to innovation, underpinned by Environmental, Social, and Governance (ESG) commitments. Lenovo continues its transformation from a devices company to a global technology powerhouse that also includes services and solutions.
Lenovo continued to strengthen its competitiveness to drive sustainable profitable growth. It has already made strong progress toward doubling R&D investments and will continue to realize its ESG goals and commitments. Last week, Lenovo announced that it had successfully completed its inaugural offering of green bonds as part of a US$1.25 billion dual-tranche Rule 144A / Regulation S bond offering, which marks an important milestone in Lenovo’s ESG journey and supports its vision to achieve Net-Zero by 2050.
Lenovo will announce its fiscal year 22/23 first quarter results on 10th August 2022.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s leading PC player by expanding into new growth areas of infrastructure, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com,and read about the latest news via our StoryHub.