2 August 2023 – Lenovo has ranked #217 on FORTUNE’s annual Global 500 List and in the top 20 (#16) of all Technology sector companies cited in the List.
The Fortune Global 500 is the annual ranking of the largest 500 corporations worldwide as measured by total revenue. Together, companies on The Global 500 generated US$41 trillion in revenue and US$2.9 trillion in profits in 2023, employ 70.1 million people worldwide, and are represented by 33 countries/territories and regions around the world.
In addition, in the inaugural Fortune China 500 list which was released last week, Lenovo has ranked #67, among the 500 largest companies in China by revenue.
Lenovo has been on the Fortune Global 500 list for 14 years, credit to the company’s diversified growth engines which continue to hit new milestones and drive solid performance. The services-led transformation is driving steady progress, increasing non-PC businesses’ revenue mix to a fiscal year high of nearly 40%. The results the company achieved last year reinforced its clear strategy and resilient operation even in the face of global uncertainties within the past year, as it will continue to invest in R&D to capture the next wave of growth opportunities going forward.
Lenovo will announce its fiscal year 23/24 first quarter results on 17 August 2023.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 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 largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.