Lenovo Chair and CEO Yang Yuanqing recently told employees at the tech giant’s annual kick-off meetings that revenues had topped $50 billion and the “intelligent transformation” of the company was driving growth. Thursday, Lenovo affirmed the growth.
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Lenovo’s Data Center Group, one of the largest server selling organizations in the world, is working with IBM to enhance customer service via blockchain, virtual assistants and more cutting-edge technology tools.
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As Hurricane Florence nears North Carolina’s coasts and threatens the Research Triangle region, two high-tech firms with a major presence in the Park are teaming up for new data storage products and a joint venture in China.
Read MoreBorn in China with most of its operations there, its stock traded in Hong Kong and a headquarters in Beijing, Lenovo is consistently branded as a Chinese company. Lenovo occasionally pushes back on that narrative – and such was the case Monday when the company was named the world’s top supercomputer builder.
Read MoreSales of servers around the world soared in the first quarter of 2018, delivering especially good news for three tech giants with operations in RTP.
Read MoreLenovo assembled some 1,000 of its troops on Tuesday to kick off its series of annual team meetings around the world – and they heard words meant to reassure them from CEO ahd Chair Yang Yuanqing.
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IBM’s server lines have historically been known for being higher performing than their x86 counterparts, and wih the unveiling of the z14, they are investing in improving their reputation for even greater security capabilities achieved through pervasive encryption.
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After several quarters of sales declines and going through a management shakeup, the Lenovo server business group can savor a new report from research firm IDC indicating the worse may be over. The news is even better for IBM.
Read MoreA new report out Monday from research firm Gartner says Lenovo’s server shipments plunged 33.5 percent year-over-year in the third quarter even as revenues across the server industry surged more than 5 percent.
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