Lenovo Group reported record first-quarter results on Thursday.

The Chinese company’s pre-tax profit nearly doubled to $650 million (+96%), while net income also doubled (+119%) and a net revenue margin of 2.8%, which the company asserts is long overdue. Highest value for years. In the first quarter, group revenue continued to rise sharply to $16.9 billion, an increase of 27 percent year-over-year.

The company said it sees additional opportunities to improve sustainable growth and profitability in all areas of its business, including vertical solutions, infrastructure, premium PCs, and non-computer devices such as tablets, smartphones, embedded computing and other smart devices.

Lenovo asserts that it increased its R&D spending by 40 percent in the first quarter. Over the next three years, research and development investments are set to double.

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