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Lenovo Reports Record Quarterly Results with Revenue Hitting $20.5 Billion, Net Income Grows 25%

Lenovo Group Limited today reported record results for the second quarter of its fiscal year 2025/26, with overall group revenue reaching an alltime h

Lenovo Group Limited today reported record results for the second quarter of its fiscal year 2025/26, with overall group revenue reaching an alltime high of **US$20.5 billion**, representing a 15% yearonyear increase. Adjusted net income grew by 25% to US$512 million. The Group attributed the strong performance to the successful execution of its Hybrid AI strategy, with its AIrelated revenue mix increasing 13 percentage points yearonyear to account for 30% of total revenue. This growth was driven by highdoubledigit increases in AI Servers and tripledigit revenue growth in AI PCs and AI Services. Lenovos leadership stated the results reflect not only current operational strength but also the resilience of its "Global/Local" model, positioning the company to capture the expanding opportunities in the new human and enterprisecentric phase of the AI era. Read More..

B2B Tech News | 13 days ago          

IMF Statistical Forum Concludes with Focus on Measuring CrossBorder Financial Linkages in a Dynamic World

The 13th Statistical Forum of the International Monetary Fund IMF concluded today in Washington D.C., focusing on the theme "Measuring Crossborder Eco

The 13th Statistical Forum of the International Monetary Fund IMF concluded today in Washington D.C., focusing on the theme "Measuring Crossborder Economic and Financial Linkages in a Dynamic World." The twoday event brought together policymakers, central bankers, and private sector leaders to discuss the complexities of tracking global economic interactions amid rapid shifts in digitalization and financial innovation. Discussions centered on how updated international standards, such as the Integrated Balance of Payment and International Investment Position Manual BPM7, can address current data gaps. Key topics included the macroeconomic impact of multinational enterprises MNEs, the changing nature of international trade due to global supply chains, and the data needed to regulate the rapidly growing digital finance and payment adoption landscape. Read More..

B2B Tech News | 13 days ago          

China International Capital Corporation CICC Moves to Acquire Two Smaller Domestic Brokerage Rivals

China International Capital Corporation CICC, one of the nations top investment banks, has announced plans to acquire two smaller domestic rivals, Don

China International Capital Corporation CICC, one of the nations top investment banks, has announced plans to acquire two smaller domestic rivals, Dongxing Securities and Cinda Securities. CICC is aiming to strengthen its domestic market leadership, particularly in the highly competitive IPO, retail brokerage, and institutional segments. While CICC currently holds the top spot for Hong Kong IPOs this year, the domestic landscape is fragmented. Dongxing Securities and Cinda Securities, both established in the 2000s, will bring strong retail and institutional brokerage capabilities, as well as underwriting and proprietary trading experience. This consolidation effort is subject to regulatory approval and represents a strategic move by CICC to integrate complementary capabilities to maintain its position as a financial powerhouse. Read More..

B2B Tech News | 13 days ago          

Dell Unveils Major AI Factory Upgrades for Smarter, Automated Enterprise AI Deployment

Dell Technologies has announced a series of major upgrades to its Dell AI Factory portfolio, aimed at streamlining and accelerating the adoption of Ar

Dell Technologies has announced a series of major upgrades to its Dell AI Factory portfolio, aimed at streamlining and accelerating the adoption of Artificial Intelligence for enterprise customers. The updates focus on enhancing infrastructure, data management, and deployment automation. Dell is integrating its updated Automation Platform with thirdparty AI agents, specifically incorporating an AI code assistant powered by Tabnine and an agentic AI platform from Cohere North. These integrations are designed to automate infrastructure delivery and configuration, pushing AI workloads into production more efficiently. Additionally, new professional services offer turnkey pilots, enabling organizations to validate AI use cases on real data and assess key Return on Investment ROI metrics before scaling their investments. Read More..

B2B Tech News | 13 days ago          

Broadcom and NEC Strengthen Partnership to Accelerate Modern Private Cloud Adoption in Enterprise Sector

Broadcom Inc. announced an expanded strategic partnership with NEC Corporation to drive the adoption of modern private cloud solutions using VMware Cl

Broadcom Inc. announced an expanded strategic partnership with NEC Corporation to drive the adoption of modern private cloud solutions using VMware Cloud Foundation VCF. NEC will first implement VCF in its own IT systems, leveraging the acquired expertise to promote private cloud modernization for its customer base. VCF is an integrated platform that combines the agility of public cloud environments with the security and performance of private clouds, supporting traditional, modern, and AIdriven applications. This collaboration aims to help customers accelerate innovation, manage costs, and ensure data sovereignty, with NEC integrating VCFbased solutions into its BluStellar Scenario to support digital transformation across society. Read More..

B2B Tech News | 13 days ago          

Anthropic Commits $30 Billion to Microsoft Azure in Sweeping Cloud Infrastructure Deal

Microsoft has announced a sweeping cloud infrastructure alliance with AI firm Anthropic and chipmaker NVIDIA, marking a significant realignment in the

Microsoft has announced a sweeping cloud infrastructure alliance with AI firm Anthropic and chipmaker NVIDIA, marking a significant realignment in the AI landscape. Anthropic, the developer of the Claude chatbot, committed to purchasing a staggering $30 billion worth of computing capacity from Microsofts Azure cloud platform. As part of the multifaceted deal, NVIDIA will invest up to $10 billion in Anthropic, with Microsoft contributing up to $5 billion. This partnership provides Anthropic with access to one of the worlds largest cloud ecosystems, strengthening Microsofts position in the AI race while providing Anthropic the compute power needed to train and scale its models, accelerating competition against rivals like OpenAI. Read More..

B2B Tech News | 13 days ago          

Fujitsu Launches Integrated Services Package Utilizing Agentic AI for Food Distribution Digital Transformation

Fujitsu today announced the launch of an integrated package of core system support services tailored for the food distribution industry. The new offer

Fujitsu today announced the launch of an integrated package of core system support services tailored for the food distribution industry. The new offering aims to accelerate digital transformation DX for customers globally by providing a standardized, flexible, and inexpensive way to build and manage business systems. The package bundles over 1,500 functions for sales, order, inventory, and logistics management, delivered as microservices that can be combined and utilized as needed. A key feature is the provision of advanced functions, including rebate simulation management and operational troubleshooting support, leveraging agentic AI. This strategy allows customers to quickly implement solutions without the burden of monolithic system development, and Fujitsu plans a gradual global rollout starting next month. Read More..

B2B Tech News | 13 days ago          

Nokia Announces New Strategy to Lead AIDriven Network Transformation and Capture Value of AI Supercycle

Nokia today held its Capital Markets Day and unveiled a new strategy designed to position the company at the forefront of the networks AIdriven transf

Nokia today held its Capital Markets Day and unveiled a new strategy designed to position the company at the forefront of the networks AIdriven transformation. The plan focuses on five key priorities, including accelerating growth in AI & Cloud and leading the next era of mobile connectivity with AInative networks and 6G. The company has reorganized its operating model, emphasizing the Network Infrastructure segment to capitalize on the rapid, global AI and data center buildout. This segment, which includes Optical and IP Networks, is now forecasted to achieve a 1012% compound annual growth rate CAGR through 2028. The shift signals Nokias intent to move beyond traditional telecoms toward highgrowth, AIcentric enterprise infrastructure opportunities while focusing on unlocking sustainable returns for investors. Read More..

B2B Tech News | 13 days ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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