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[tcMag] Seagate shipped 43 million hard drives in Q1

post #1 of 7
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STEC-suing Seagate Technology has detailed its financial results for the first quarter of 2008 and they are nothing to be ashamed of. In the three month period that ended on March 28, Seagate shipped some 43 million hard drives and made a revenue of $3.1 billion, decently up compared to Q1 of 2007 when it made $2.8 billion.

"We are pleased with Seagate’s solid operational and financial performance in the quarter driven by continued strong global demand for storage products," said Bill Watkins, Seagate CEO. "Further, we delivered strong year-over-year revenue and earnings growth in the third quarter. We continue to believe that there is significant opportunity in the notebook and retail markets – two areas where the company recently has not performed to expectation. We expect to see improved performance in these areas in the June quarter and through the calendar year."

For Q1 2008, the company's GAAP net income was of $344 million, the diluted net income per share was of $0.65 while the net income reached $344 million ($212 million reported one year ago). For Q2, Seagate is predicting a revenue between $2.85 and $3.0 billion.
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post #2 of 7
I contributed to that total !
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post #3 of 7
Me2!
    
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post #4 of 7
and me lol
Kandalf LCS
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post #5 of 7
Same here, got myself external one; I love it!
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post #6 of 7
Me aswell
McSteve
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post #7 of 7
So did I. All my 6 drives are Seagate.
Yin
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