Lenovo FY22 Q2 results are in: $17.9 billion in revenue, despite chip shortages

Though it was already known that Lenovo was leading the pack in the notebook PC space thanks to a contempo report by Strategy Analytics, we now know how well the overall business concern is doing. According to Lenovo, it achieved $17.9 billion in revenue for Q2 FY22.

$17.9 billion represents a 23% YoY increment in revenue compared to the previous fiscal year's 2nd quarter. Lenovo's cyberspace income saw a much larger fasten with $512 million in turn a profit, which was a 65% YoY jump.

The company attributed its quarterly successes to its ability to secure more supplies than the competition merely admitted the global semiconductor crisis has had noteworthy impacts on its business operations even so (via Reuters). CEO and Chairman Yang Yuanqing spoke to Reuters, revealing that he feels the shortages won't resolve until early 2022, with that being the all-time-case scenario.

Lenovo isn't the only company to rake in a ton of money merely nevertheless feel the sting of supply chain bug. Microsoft brought in $45.three billion during its last quarter, only cited flake shortages for its refuse in Surface acquirement. Surface revenue seeing a dip certainly didn't come about considering of neglect on Microsoft's part; the line recently introduced a large wave of new products, including the Surface Duo 2.

With regards to Chinese technology businesses besides Lenovo Group Ltd, another to recently make headlines was Tencent, which detailed 3 of its new, in-development chips alongside an announcement for a new cloud operating system named Orca.

An internet connection will soon be required when setting up Windows 11 Pro

UH OH

An cyberspace connection volition soon exist required when setting up Windows 11 Pro

Microsoft has announced that later this year, users will be required to connect to the cyberspace and sign-in with a Microsoft Account during the out of box setup experience on Windows 11 Pro. Microsoft has already been enforcing this requirement on Windows eleven Abode since launch last October, and Windows xi Pro is now expected to follow adjust soon.