Seagate Ends Year with a Bang, Reports Strong Fiscal Second Quarter
Seagate Ends Year with a Bang, Reports Strong Fiscal Second Quarter
Posted 01/22/2010 at 6:36am
| by Paul Lilly
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Seagate this week reported financial results for the quarter ended January 1, 2010, noting an impressive 49.9 million disk drive unit shipments, $3.03 billion in revenue, net income of $533 million, and $1.03 in diluted earnings per share.
"Our strong financial performance in the December quarter was the result of our ongoing progress in driving operational efficiencies, our leadership position in high capacity, high performance products, an improved product mix, and the overall strength of demand for digital storage," said Steve Luczo, Seagate CEO.
On that last note, Seagate said it shipped some 96.2 million disk drives for the six months ended January 1, 2010, which accounted for revenue of $5.69 million and a net income of $712 million.
Image Credit: Seagate
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