Thursday, January 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Reports Strong Fourth Quarter
Qualcomm Cuts Fiscal 2015 Outlook On Lower Chip Demand
Cloud Cryptographic Algorithm Protects Personal Data
Spying Program Runs Global Internet Watch: CBC
PlayStation Meets Spotify
Facebook Intros Trending Super Bowl
YouTube Now Defaults to HTML5
HP Led The Notebook Market In 2014
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 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
HGST Hard Disks Top Reliability Tests
Seagate Unveils New Cloud, Wireless and Portable hard Drives At CES
New Seagate NAS HDD Solutions For Small And Medium Businesses
Seagate Shifts Economics of Cloud Computing With New 4TB Kinect HDD
Seagate Reports 1Q 15 Profit
Seagate Announces New Cloud, Storage Services
Seagate Ships First 8 TB Hard Drives
Seagate Launches Channel On Roku
Seagate Delivers New Network Storage Portfolio
Seagate to Acquire LSI's Flash Businesses
Seagate Announces the Wireless Plus Storage Solution
LaCie Showcases Latest Thunderbolt 2 Storage Solutions Based on New 6TB Seagate Hard Disks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .