In our Data Center Group (DCG), which includes servers, storage, software and services, fourth fiscal quarter sales were down 13.7 percent year-over-year, to US$850 million. For the full year, revenue decreased 10.6 percent on total sales of US$4.1 billion.

We have re-engineered this business by adding new leaders including industry veterans, deploying a dedicated DCG sales force in all geographies, and forming new segments to focus on growth categories such as high-performance computing. We are the fastest-growing supercomputer company in the world, and the #1 supercomputer company in China. We are also focusing more resources on our Global accounts where we grew 16 percent year-over-year, and are confident we now have the right strategy in place to help deliver on our turnaround, particularly in mature markets.

Geographic Overview

In China, in the fourth fiscal quarter, Lenovo’s consolidated sales were US$2.3 billion, a decrease of three percent year-over-year. For the full year, China sales were down 4.6 percent to US$11.8 billion. For the quarter, China sales were 23.8 percent of the Company’s total worldwide sales, and for the full year, China sales were 27.4 percent of the total.

Pre-tax income in China was US$64 million during the fourth quarter, and for the full year fell 4.3 percent to US$539 million. Pre-tax income margin held flat for the year at 4.6 percent.

In Asia Pacific, Lenovo’s sales were 18.1 percent of the Company’s total worldwide sales during the fourth fiscal quarter, and 16.3 percent for the full year. Consolidated sales in the fourth quarter increased year-over-year by 9.4 percent to US$1.7 billion and for the full year decreased by two percent to US$7 billion. Pre-tax loss for the full year was $65 million.

In Europe, Middle East and Africa, consolidated sales in the fourth fiscal quarter were up 5.9 percent year-over-year to US$2.6 billion. For the full year, sales were US$11.2 billion, a decrease year-over-year of 5.1 percent. EMEA sales were 27.4 percent of the Company’s overall fourth quarter sales, and 26 percent of total worldwide sales for the full year.

In the Americas, consolidated sales grew to US$2.9 billion, 30.7 percent of the Company’s total sales for the quarter, and a healthy 8.2 percent increase year-over-year. For the full year, sales were down 4.1 percent year-over-year to US$13 billion, or 30.3 percent of total worldwide sales.

Pre-tax income for the fourth quarter was US$60 million, a seven times improvement year-over-year, and a pre-tax income margin improvement of 1.7 points. For the full year, pre-tax income more than doubled to US$157 million, with pre-tax income margin improving 2.1 points to 1.2 percent.

About Lenovo

Lenovo (HKSE: 0992) (OTC Pink: LNVGY) is a US$43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Moto brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter ( @Lenovo) or visit us at www.lenovo.com.