{"id":16210,"date":"2022-02-23T07:32:08","date_gmt":"2022-02-23T07:32:08","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/23\/lenovos-data-center-business-finally-makes-a-profit-the-register\/"},"modified":"2022-02-23T07:32:08","modified_gmt":"2022-02-23T07:32:08","slug":"lenovos-data-center-business-finally-makes-a-profit-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/23\/lenovos-data-center-business-finally-makes-a-profit-the-register\/","title":{"rendered":"Lenovo\u2019s data center business finally makes a profit \u2022 The Register"},"content":{"rendered":"

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Lenovo’s data center and infrastructure business has turned a profit for the first time.<\/p>\n

The Chinese giant had high hopes for the data center when it acquired<\/a> IBM’s x86 server business in 2014, but was quickly disappointed after a strategy to have its PC sales force sling servers largely failed<\/a>. A re-org created a dedicated Data Center Group that produced plenty of red ink over the years, leading to another corporate shuffle in February 2021 which saw data-center-centric products relocated to an Infrastructure Solutions Group (ISG).<\/p>\n

A year later, that group has turned a profit [PDF<\/a>] for the third quarter of its fiscal 2021\/2022, albeit a modest one: $1.9bn of revenue represented 19 per cent year on year growth and produced $17m of surplus \u2013 a slim margin even in the cutthroat hardware business during a time of component shortages and high freight charges.<\/p>\n

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