Brazil outperforms LatAm in Lenovo’s datacenter business

Bnamericas Published: Tuesday, May 28, 2019

Brazil outperformed the rest of Latin America in the most recent fiscal year for Lenovo’s Data Center unit.

The Brazilian operation grew sales 48% in the year to March – its 2018-19 fiscal year – while in Latin America as a whole the rate was 30%, the company said in a report on Tuesday.

Lenovo released its financial results last week.

The Chinese group said it doubled its datacenter market share in Brazil and predicts revenue growth of above three digits for the current fiscal year.

It also said it has met and surpassed the targets set for the division for the last seven quarters in the country.

Lenovo’s datacenter operations were spun off from other divisions last year to become an independent business, although it shares some capabilities with the PC business.

The company benefits from local manufacturing, with a plant in the interior of São Paulo, and from a wide network of channels and partners.

Lenovo plans to expand production in Brazil with new storage and HPC products.

The datacenter segment is heated in Brazil and across the region.

According to market research firm IDC, Latin America will deliver strong public cloud spending growth in the next five years, led by Brazil (38.8% CAGR), Colombia (38.5% CAGR) and Argentina (38.4% CAGR).

The public cloud segment in Brazil is forecast to reach US$2.6bn this year and US$6.5bn in 2022.

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