Technology
Lenovo Records Highest Quarterly Revenue in Four Years

Lenovo Group has announced results for its third fiscal quarter ended December 31, 2018, posting its highest group revenue in four years of $14 billion, up 8.5 percent year-on-year.
The company reported strong pre-tax income of $350 million, up 133 percent, an all-time record for the company as all businesses continued to report profit improvements.
The Group recorded a net profit of $233 million for the fiscal quarter, significantly improved from the net loss of $289 million in the same quarter of last year, with the basic earnings per share in the third fiscal quarter at $1.96.
“When we set out on our journey of Intelligent Transformation, our goal was to restore and then accelerate Lenovo’s business momentum, while providing our customers and partners with the best technologies in smart IoT, smart infrastructure and smart vertical solutions.
“We’ve done exactly that and more – our strength and position as the industry’s most prolific global technology organization is firmly established.
“What I’m most pleased to see is how Lenovo is bucking the current industry trend – we’re strong, have delivered record-breaking results this quarter and are only getting stronger”, said Yang Yuanqing, Lenovo Chairman and CEO.
The Intelligent Devices Group (IDG) posted record revenue and profit; powered by its third straight quarter since inception of revenue growth, up 6.2 percent to $12.4 billion.
During the quarter, the PC and Smart Devices (PCSD) business under IDG reported $10.7 billion in revenue, up 11.6 percent and sequentially extending the group’s momentum from the previous quarter.
PC revenue grew 16 percent, outperforming the market by more than 17 points with PTI margin also improving by one percentage point.
Lenovo maintained its position as the world’s undisputed leader in PC sales with record market share of 24.6 percent. A focus on high-growth and premium segments saw Workstations, Thin and Light devices, and Visuals revenue outgrow the market by more than 30 points, Gaming by 16 points and Chromebook by over 220 points.
The Mobile Business Group (MBG) under IDG posted its first worldwide profit since the Motorola acquisition in October 2014. This notable achievement came from masterful execution on Lenovo’s strategy to reduce expenses, streamline the Group’s product portfolio and focus on core markets.
Notably North America saw a breakthrough quarter for the Group with volumes outgrowing the market by a staggering 40 points.
Additionally, MBG’s focus on other specific geographies is also showing significant results: Lenovo retains the #2 position in Latin America, despite currency fluctuations and supply constraints. In China, thanks to a range of new products under the Lenovo brand, the Group continued to build on the momentum quadrupling revenue and reporting strong growth in PTI margin.
Lenovo’s Data Center Group (DCG) reported its fifth consecutive quarter of profit growth (PTI margin up 3.6 percentage points) on a 31 percent increase in revenue to $1.6 billion.
In fact, DCG recorded YOY revenue growth in all geographies, highlighted by triple-digit growth in North America, and double-digit growth in Asia-Pacific, EMEA and Latin America.
The NetApp joint venture, which is now operational in China, will further strengthen the portfolio and expand business opportunities.
Hyperscale once again served as a significant contributor with triple-digit revenue growth and Software Defined Infrastructure (SDI) revenue grew almost 70 percent. The group not only remained number one on the TOP500 list of supercomputers globally, but also increased its lead.
Technology
Vertiv Takes AI Solutions Innovation Roadshow to Lagos

By Aduragbemi Omiyale
Stakeholders in the Artificial Intelligence (AI) space in Nigeria will have the opportunity to meet others from across the world at an event planned for Thursday, June 226, 2025.
The event, organised by Vertiv, will showcase latest AI-ready infrastructure solutions, including key innovations in power and cooling.
The world leader in critical digital infrastructure is bringing company is bringing its highly anticipated AI Solutions Innovation Roadshow to Lagos as part of a global series of events designed to educate and equip customers and consultants with essential expertise for deploying high-performance computing (HPC) and AI infrastructure.
Vertiv experts will introduce the key infrastructure imperatives to enable AI, sharing insights on latest challenges and opportunities and providing participants with a deep understanding of the latest innovations supporting HPC infrastructure, as well as the impact on data centre power and cooling systems.
The Vertiv AI Solutions Innovation Roadshow in Lagos will explore opportunities in Africa’s AI data centre landscape and discuss the latest power and cooling innovations for the AI era.
It will examine how West African enterprises are preparing for AI’s infrastructure demands, addressing necessary policy shifts and strategies to future-proof digital infrastructure across industries.
This roadshow highlights key requirements for implementing AI-compatible infrastructure and services to maintain operational excellence.
Vertiv speakers for the Lagos event include Piorko; as well as Jon Abbott, technologies director, colocation and hyperscale for Europe, Middle East and Africa (EMEA); Luther Ogbaji, sales engineer, high density and liquid cooling specialist; Sofiat Ojurongbe, regional account manager, and Okechi Osuagwu, key account sales manager.
The event will also comprise a panel discussion on ‘Building for Tomorrow: Preparing West Africa’s Infrastructure for AI at Scale’, which will feature panelists including Wole Abu, managing director for West Africa, at Equinix, and Gerald Madondo, country director at Turner & Townsend.
“This event series marks our dedication to actively support the data centre and AI market across Africa. With the incremental influence of AI and HPC on our industry, we understand the critical need to support our customers and partners with insights and technology that drive their success,” the Managing Director of Africa at Vertiv, Wojtek Piorko, stated.
Technology
Zoho Unveils Zia Hubs

A global technology company, Zoho, has launched Zia Hubs, a solution within Zoho WorkDrive that brings new forms of unstructured business data into the company’s broad portfolio of applications and AI services.
Using Zia Hubs, organisations can now present any type of business content to Zoho’s powerful capabilities and services—including agentic AI, comprehensive analysis, and accurate, unified search—regardless of file format or structure.
Zia Hubs brings content intelligence to the company’s unified content management and collaboration platform.
Designed with a high level of user control over what content AI is allowed to access, Zia Hubs enables users to organise project or task-specific content into dedicated hubs within WorkDrive.
Each hub serves as a focused space where Zia, Zoho’s flagship AI, can understand and act on the content stored within. This includes a wide range of formats such as PDFs, documents, videos, and audio files.
The platform automatically organises uploaded content by grouping related information—such as section headings, supporting text, and visuals—to preserve context. For video and audio files, Zia generates transcripts and links key moments to relevant topics, making it easier to pinpoint exactly where something was said.
With Zia Hubs, users can surface the most relevant answers when asked a question, even across different content formats. Each response includes clear citations that link back to the original content, whether it is a document, spreadsheet, image, or a specific moment in an audio or video file.
Organisations can also create custom workflows with Zoho Flow, automating document storage processes for particular projects or specific teams. This ensures that Zia always has access to the latest necessary documents automatically.
Furthermore, content from third-party software—such as Docusign PDFs, RingCentral call logs, Zoom video files—are all readable by Zia, and can be automatically placed into a hub by building a workflow with Zoho Flow.
Commenting on this, the Country Head of Zoho Nigeria, Mr Kehinde Ogundare, said, “According to IDC, 80 per cent of business data is unstructured.
“Most unstructured data is text-based, meaning pertinent information lives within email conversations, social media posts, word processor documents, or audio and video transcripts.
“With Zia Hubs built into the full product suite, Zoho can provide customers with a deeper integration than any comparable software platform and nearly limitless potential uses for their data.”
Technology
IHS Nigeria to Support Nigeria Raise Next Tech Giants

By Modupe Gbadeyanka
A leading telecommunications infrastructure provider, IHS Nigeria, has promised to support the country produce future unicorns.
The company gave this commitment at a virtual town hall session organized by the Ilorin Innovation Hub with the theme From Ilorin to the World: Building a Globally Recognized Technology Hub.
The Senior Vice President and Chief Operating Officer of IHS Nigeria, Mr Kazeem Oladepo, said the Ilorin Innovation Hub would be transformed into a leading destination for talent and technology development across North-Central Nigeria.
“We see the Ilorin Innovation Hub as a platform to attract top talent—not just from Ilorin, but from across the region’s tertiary institutions and tech ecosystem.
“This is an opportunity to build globally impactful companies by harnessing local brilliance with global insight,” Mr Oladepo stated.
Responding to a participant’s question on how individuals could contribute towards the growth of the hub, he encouraged industry experts present to engage directly with the hub’s program managers – future Africa and Cc-Hub, provide mentorship, and help in aligning the training modules with local and global market realities.
“IHS is already investing financial, technical, and intellectual resources into the Hub. But to truly thrive, we need champions within the ecosystem—mentors who’ve built real businesses—to guide young people as they develop transformative ideas,” he noted.
He called for the inclusion of successful professionals and entrepreneurs in the platform’s activities to ensure relevance and adaptability.
“Let’s bring in those who’ve succeeded in fields like e-commerce, logistics, Healthtech, and Data Mining. Their insights can help refine the Hub’s programs and ensure participants extract real value,” Mr Oladepo stated.
Also, the chief executive of Ilorin Innovation Hub, Mr Temi Kolawole, described the town hall as a homecoming for top minds with roots in Kwara State.
“This is a convergence of visionaries—people who’ve built, scaled, and invested in world-class companies—now giving back to shape a collective future.
“Our partnership with IHS Nigeria exemplifies what’s possible when public sector ambition meets private sector expertise,” he noted.
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