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Seagate Hands In $ 3B Revenue Last Quarter

Seagate announced on Jan. 23 the industry’s first $ 3 billion quarter alongside whopping revenue growth of 30 percent over a year ago. These results are driven by the explosive growth in digital content and the resulting growth in demand for storage, as well as by the ability to deliver a broadening suite of products to a growing set of customers. The solid quarter reflects better-than expected desktop pricing, the successful transition of Maxtor customers to more cost-effective, higher margin Seagate products, and continued operational excellence. With the Maxtor integration substantially complete and exciting new products hitting the market in the current quarter, Seagate is on a path to further increase profitability in the traditionally slower back half of the fiscal year.

Seagate announced on Jan. 23 the industry’s first $ 3 billion quarter alongside whopping revenue growth of 30 percent over a year ago. These results are driven by the explosive growth in digital content and the resulting growth in demand for storage, as well as by the ability to deliver a broadening suite of products to a growing set of customers. The solid quarter reflects better-than expected desktop pricing, the successful transition of Maxtor customers to more cost-effective, higher margin Seagate products, and continued operational excellence. With the Maxtor integration substantially complete and exciting new products hitting the market in the current quarter, Seagate is on a path to further increase profitability in the traditionally slower back half of the fiscal year.

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