(PR) Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results
Seagate Technological know-how plc (NASDAQ: STX) (the “Firm” or “Seagate”) right now reported monetary outcomes for its fiscal second quarter ended January 1, 2021. “Seagate delivered powerful, double-digit earnings, earnings and free money circulation progress in the December quarter supported by broad-centered enhancement across approximately every served industry and geography, and we had stable purchaser demand for our mass capability goods,” explained Dave Mosley, Seagate’s main govt officer.
“We also achieved our technology milestone by transport twenty-terabyte HAMR drives in calendar 2020, paving the way for Seagate’s ongoing accomplishment for many years to arrive. As demand from customers for information will increase in both the cloud and at the edge, Seagate’s new Lyve Storage Platform complements our HDD portfolio to assist companies handle both equally the secular demand from customers for mass capability storage and the escalating complexity of running details from edge-to-core cloud. We are nicely positioned to gain from the huge prospects we foresee ahead and remain targeted on maximizing worth for our clients, workforce and shareholders.”