Monday, June 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MediaTek Launches Linato-compatible Helio X20 Development Board For Android Developers
Qualcomm Announces 5G NR sub-6 GHz System and Trial Platform
Samsung Trademarks The 'Ahead' Communication Device
Intel Could Sell Cyber-Security Unit
Microsoft Says Scorpio System will Not Offer Higher Frame Rates With Xbox One Games
China to Regulate Search Results Ads
HTC Apologizes For Poor Results, Pins Hopes On VR
MediaTek To Invest $6.15 billion on 5G Communication Technologies
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Seagate...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, October 28, 2013
Seagate Q1 FY2014 Profit Falled


Hard disk drive maker Seagate Technology PLC on Monday reported that profit dropped 27 percent in the fiscal first quarter.

During the first quarter, Seagate reported revenue of approximately $3.5 billion, gross margin of 28.0%, net income of $427 million and diluted earnings per share of $1.16. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 28.5%, net income of $473 million and diluted earnings per share of $1.29.

During the first quarter, the company generated approximately $682 million in operating cash flow, paid cash dividends of $135 million and repurchased 4 million ordinary shares for approximately $182 million. There were 359 million ordinary shares issued and outstanding as of the end of the quarter.

Subsequent to the first quarter, the company repurchased 32.7 million ordinary shares from Samsung Electronics Co., Ltd. for approximately $1.5 billion.

"The solid financial results we achieved this quarter reflect the ongoing execution of our business model," said Steve Luczo, Seagate's chairman and chief executive officer. "While the challenges of technology transitions and macro uncertainty are driving us to manage our business conservatively, we remain focused on the fact that the demand for exabytes of storage continues to increase. We continue to invest in our market-leading storage technology portfolio to enable cloud, mobile and open source storage advancement as we believe these market trends represent new and significant opportunities for Seagate."




Previous
Next
Apple Reports Strong iPhone Sales, 3Q Revenue Up        All News        Google Glass 2 Will Be Compatible With Prescription Glasses
HGST's New 1TB HDD Is 7mm Thin     PC Parts News      AMD A10-6790K And FM2+ Motherboards Coming Soon

Get RSS feed Easy Print E-Mail this Message

Related News
Hitachi Hard Drives Remain The Most Reliable, Report Found
Seagate Now Shipping 10TB Helium Enterprise Drive
Seagate Launches 'Innov8' USB-Powered Desktop Hard Drive
Seagate Demonstrates 10GBps SSD Flash Drive
Seagate Now Shipping 7mm 2TB Mobile Hard Drive
Seagate Unveils 10TB Helium Enterprise Drive
Seagate Launches 8TB NAS HDD
Seagate Launches World's Thinnest 2TB Mobile Hard Drive, New Lacie And Porche Design Desktop Drives
Seagate And Newisys Demonstrate Flash Storage Architecture Capable Of 1TB/s
Seagate Unveils New ClusterStor G200 Storage System
Seagate Cleared To Fully Integrate Samsung HDD Business
Seagate to Cut Workforce

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .