back to article Lenovo infrastructure group and Alibaba Cloud both make first annual profits

Ever since Lenovo acquired IBM’s x86 server business in 2014, one thing has proven elusive: profit. Now the company can point to a pair of consecutive quarters, and a full year, in the black. The Chinese kit-maker yesterday reported Q4 and FY 2022 results, with quarterly revenue of $16.7 billion representing seven percent …

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