China's Lenovo Q3 Revenue Tumbles 24% as PC Demand Slumps

The Lenovo logo is seen in this illustration photo January 22, 2018. (Reuters)
The Lenovo logo is seen in this illustration photo January 22, 2018. (Reuters)
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China's Lenovo Q3 Revenue Tumbles 24% as PC Demand Slumps

The Lenovo logo is seen in this illustration photo January 22, 2018. (Reuters)
The Lenovo logo is seen in this illustration photo January 22, 2018. (Reuters)

China’s Lenovo Group reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump.

The world’s largest maker of personal computers (PC) said on Friday that total revenue during the October-December quarter was $15.3 billion, down 23% from the same quarter a year ago.

The results trailed an average Refinitiv estimate of $16.39 billion drawn from seven analysts.

The outbreak of the COVID pandemic in 2020 provided a huge boost in electronic sales for Lenovo and its peers worldwide as many people opted to work remotely and replaced or upgraded their gadgets.

However, demand has begun to fall and Lenovo’s revenue started contracting in the July-September quarter last year.



First Microsoft Datacenter Academy in Middle East Launched in Saudi Arabia 

The Microsoft DCA is a two-year commitment to empower students with a focus on building applied datacenter skills, thereby enhancing their employability in high-demand technical roles and contributing to the Kingdom's economic diversification. (SPA)
The Microsoft DCA is a two-year commitment to empower students with a focus on building applied datacenter skills, thereby enhancing their employability in high-demand technical roles and contributing to the Kingdom's economic diversification. (SPA)
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First Microsoft Datacenter Academy in Middle East Launched in Saudi Arabia 

The Microsoft DCA is a two-year commitment to empower students with a focus on building applied datacenter skills, thereby enhancing their employability in high-demand technical roles and contributing to the Kingdom's economic diversification. (SPA)
The Microsoft DCA is a two-year commitment to empower students with a focus on building applied datacenter skills, thereby enhancing their employability in high-demand technical roles and contributing to the Kingdom's economic diversification. (SPA)

Microsoft Arabia and the National IT Academy (NITA) announced that the US software giant's first Datacenter Academy (DCA) in the Middle East will be launched in Saudi Arabia.

The Microsoft DCA is a two-year commitment to empower students with a focus on building applied datacenter skills, thereby enhancing their employability in high-demand technical roles and contributing to the Kingdom's economic diversification.

The announcement was made on the sidelines of LEAP 2025 in Riyadh.

The initiative aims to develop Saudi Arabia's national workforce, fostering a strong talent pool to lead the region's datacenter industry, enhance digital infrastructure and boost innovation.

By equipping professionals with the expertise needed to drive the Kingdom’s digital transformation, the Academy supports Saudi Vision 2030 and the government's objective to establish the Kingdom as a global hub for datacenters and innovation.

The launch of the initiative also comes shortly after Microsoft shared updates on the development of its datacenter region in the Kingdom; construction is complete on three Azure Availability Zones with availability anticipated in 2026. Microsoft’s datacenter region in Saudi Arabia is expected to have a transformative impact on the Kingdom's cloud market, which is expected to grow at a CAGR of 23.4 percent to reach $3.9 billion in 2027.

Commenting on this announcement, NITA’s executive director Nora Al-Shaikh said: "This partnership with Microsoft represents a significant milestone in our journey to establish Saudi Arabia as a global hub for datacenters. The Microsoft Datacenter Academy will empower professionals with the expertise needed to drive the Kingdom’s digital transformation and realize the ambitions of Vision 2030."

The Microsoft Datacenter Academy builds on Microsoft’s global efforts to provide accessible, practical, and high-quality training programs for the communities where it operates. By focusing on areas such as IT support, cloud technologies and datacenter operations, the Academy equips participants with globally recognized certifications and the skills necessary to enter and excel in high-demand technical roles.

This initiative not only introduces advanced technology but also ensures that qualified NITA students have access to the specialized skills needed to succeed in the rapidly evolving datacenter industry.

"The launch of the first Microsoft Datacenter Academy in the Middle East underscores our commitment to supporting Saudi Arabia's ambitious vision to become a global hub for digital innovation," said Microsoft Arabia vice president of national digital transformation Zainab Alamin.

"This academy will equip professionals with the highly specialized technical skills needed to thrive in the era of AI. Through this initiative, we are fostering local talent, creating new economic opportunities and preparing the Kingdom's workforce to lead in the next generation of digital transformation."

The curriculum is carefully designed to align with the core competencies essential for datacenter roles across the technology sector, encompassing datacenter infrastructure management, information-technology (IT) support, troubleshooting and mechanical services. It also incorporates experiential training in advanced areas such as artificial intelligence (AI), data analytics, automation and cyber security.

Upon completion of the curriculum, students are eligible to earn either a certificate of completion or a diploma.