Led by bread-and-butter PC sales, Lenovo’s Intelligent Devices Group saw revenue soar 21% in the company’s second quarter, reaching $15.3 billion. This PC sales spike also drove Lenovo’s overall Q2 revenue to $17.9 billion, an increase of 23% over the year-earlier quarter. Net income for the quarter also rose, hitting $512 million, a 65% jump.
During the second virtual edition of Microsoft’s Ignite conference, the company updated nearly a dozen of Azure cloud solutions. These include Azure Arc, Azure Active Directory, Azure Synapse, Azure Cognitive Services and Azure SQL.
CEO Antonio Neri (pictured below) told Wall Street analysts, “Customers are coming to us….Our pipeline is just amazing.” HPE is now forecasting a three-year compound annual growth rate of 35% to 45% for annualized recurring revenue, up from its prior forecast of 30% to 40%.