TweakTown
Tech content trusted by users in North America and around the world
5,992 Reviews & Articles | 38,705 News Posts
TRENDING NOW: Seagate ships the world's first 8TB HDD, breaking size barriers

Seagate Technology Reports Fiscal First Quarter 2011 Financial Results

Seagate Technology Reports Fiscal First Quarter 2011 Financial Results

 

Seagate Technology reported financial results for the quarter ended October 1, 2010. The company shipped 49.2 million disk drives and on a GAAP basis reported revenue of $2.7 billion, gross margin of 20.4%, net income of $149 million and diluted earnings per share of $0.31.

 

On a non-GAAP basis, which excludes the impact of purchased intangibles amortization, restructuring and costs related to the redemption of the Maxtor convertible notes, Seagate reported net income of $180 million and diluted earnings per share of $0.37.

 

Related Tags

Further Reading: Read and find more Storage press releases at our Storage PR index page.

Do you get our RSS feed? Get It!

Post a Comment about this press release

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases