Lenovo will establish a new organizational structure designed to capitalize on the Group’s service-led transformation growth opportunities. Effective April 1, 2021, Lenovo will bring together services and solutions teams and capabilities from across the company to form an organization – the new Solutions & Services Group (SSG).
SSG will further drive the company’s transformation by delivering incremental business across smart verticals, attached services, managed services and ‘as a service offerings’ including DaaS (Device as a Service) and Truscale™.
In the company’s third quarter results, released on February 3, 2021, Lenovo’s total Software and Services revenue* stood at record US$1.4 billion in the third quarter of FY20/21 – over 8% of total group revenue. Revenue* from Attached Services, Managed Services and Solution Services achieved year-on-year growth of nearly 26%, 73% and 49% respectively, while Device-as-a-Service delivered high double-digit growth (74%) year-on-year.
Lenovo is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.