5 August, 2024 – Lenovo has ranked #248 on FORTUNE’s annual Global 500 List and among the top 20 (#19) 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. Although companies on the Global 500 posted near-flat, they still generated US$41 trillion in aggregate revenues in 2023, with a year-over-year increase of 0.1%.
This marks Lenovo’s 15th consecutive appearance on the Fortune Global 500 list, reflecting Lenovo’s sustained growth and leadership. Fueled by the company’s diversified growth engines, Lenovo achieved a historic high non-PC revenue mix of 45% in FY2023/24. Additionally, Lenovo is at the forefront of leveraging AI opportunities with its full-stack portfolio, strong ecosystem and partnerships, and hybrid AI capabilities. Lenovo’s continued commitment and investment in innovation, particularly in AI and computing, aligns with its focus of ‘Smarter AI for All’, reinforcing its leadership in the AI era.
Lenovo is set to announce its fiscal year 24/25 first quarter results on 15 August, 2024 and will host its annual innovation event, Tech World, on 15 October, 2024.
About Lenovo
Lenovo is a US$57 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, 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 with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
