Revenue at Lenovo rises 24% driven by AI investment

According to Lenovo's latest results, the company generated revenue of $17.85bn (€16.9bn) — up from $14.4bn during the same period last year. 

Yang Yuanqing, chairman and chief executive officer of Lenovo Group. Picture: Lam Yik/Bloomberg

Chinese tech company Lenovo has seen a 24% increase in revenue in the period from July through to September driven by its continued push into AI driven devices and services.

According to Lenovo's latest results, the company, which has operations in Ireland, generated revenue of $17.85bn (€16.9bn) — up from $14.4bn during the same period last year. Its net income rose 44% to $359m.