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Amit Luthra joins Lenovo as MD for Infrastructure Solutions Group India
Mumbai: Lenovo has appointed Amit Luthra as MD for Infrastructure Solutions Group (ISG) India. In his new role, Luthra will be responsible for leading and building Lenovo ISG’s business in India.
Based in Bengaluru, he will also play a key role in advocating Lenovo’s end-to-end offerings from the pocket to the data center to the cloud and in driving customer confidence in the data center business across the market.
Luthra will also be responsible for growing the edge, hybrid cloud, High-Performance Computing (HPC), AI, Hyper-Converged Infrastructure (HCI), and storage solutions portfolio and strengthening ISG’s relationships with the partner ecosystem.
Prior to joining Lenovo, Luthra was director and GM for Dell’s storage platform solutions. He is an expert in planning and leading strategic enterprise IT businesses and building efficient teams. With over 15 years of experience, he has held various positions at some really prominent companies including Sun Microsystems, and HCL.
On joining Lenovo, Amit Luthra said, “I am thrilled to be joining Lenovo and taking charge of the ISG business in India. The industry is experiencing an exciting phase as businesses increasingly invest in long term infrastructure solutions to accelerate their digital transformation journeys. As I take the reins in this dynamic region, I hope to build on our successes and help deliver world-class cutting-edge solutions.”
“Amit joins us at the right time as we expand the ISG portfolio and commence another powerful year to help organisations and businesses transform to transcend,” shared Lenovo ISG Asia Pacific president Sumir Bhatia. “India is a critical market for us; Amit’s expertise and intelligence will help us accelerate intelligent transformation for the data-centered.”
“Amit’s appointment is an impetus to our data center and infrastructure solutions portfolio, as we continue to invest in India. Together, Lenovo is poised to become the leading everything-as-a-service partner for businesses of all sizes,” added Lenovo Group India managing director Shailendra Katyal.
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Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
