Chinese tech heavyweight Lenovo Group Ltd delivered record revenues, accelerated profitability, and continued artificial intelligence revenue expansion in the quarter ended in December.

The company said its overall revenue reached an all-time fiscal quarter high of $22.2 billion, up 18 percent year-on-year, with revenue from all business groups growing double-digit year-on-year.

Its adjusted net income increased by 36 percent year-on-year to $589 million, with adjusted net income margin expanding to 2.7 percent.

According to Lenovo, the results demonstrate the company's ability to deliver on its promise of double-digit growth and sustained profitability, while proving its ability to manage through cycles by leveraging innovation to drive growth and operational excellence to navigate volatility.

AI has become a leading multi-year growth engine for Lenovo, with AI-related revenue growing 72 percent year-on-year to represent nearly a third, or 32 percent, of overall group revenue, driven by strong demand across AI devices, infrastructure, services and solutions.

Yang Yuanqing, chairman and CEO of Lenovo, said the company "delivered an outstanding performance across all fronts in the third fiscal quarter, with all main businesses achieving strong double-digit revenue growth and AI becoming a leading growth engine".

According to Yang, to better capture the multi-year AI training demand and long-term AI inferencing growth, Lenovo implemented a strategic restructuring of its infrastructure solutions business, setting it on a solid path toward sustainable and profitable growth.

"By leveraging our operational excellence, we effectively navigated market challenges of component cost increases and supply shortages, delivered our commitment of gaining market share and improving profitability," he said.

"Looking ahead, as AI increasingly integrates into individuals' daily lives and enterprise operations, we will continue to drive Hybrid AI to capture the significant opportunities brought by AI democratization, accelerate growth, improve profitability, and deliver long-term value to our shareholders," he added.