(PR) Seagate Technology Reports Fiscal Third Quarter 2021 Financial Results
Seagate Technological innovation plc (NASDAQ: STX) (the “Corporation” or “Seagate”), a globe leader in details storage infrastructure options, nowadays described fiscal effects for its fiscal 3rd quarter finished April two, 2021. “Seagate delivered a further quarter of sturdy fiscal functionality driven by ongoing operational execution and document sales of our substantial ability nearline drives. We grew earnings, expanded profitability and obtained non-GAAP EPS above our guided vary. Our March quarter outcomes underscore the power of our HDD products portfolio and expanding desire for mass capacity storage,” said Dave Mosley, Seagate’s main govt officer.
“These trends lend even further assistance to our June outlook, such as an anticipated return to reliable year-over-calendar year revenue progress in the June quarter and enhanced profitability. As the datasphere proceeds to mature in scale and complexity, our progressive technological innovation, versatile product or service roadmap and mass knowledge expertise make us perfectly positioned to capture significant prospects in our main HDD enterprise and handle customers’ emerging needs to transfer, protected and keep data across a much more dispersed enterprise.”