Seagate Technology Public Limited Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 28, 2012
January 29, 2013 at 02:59 am IST
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Seagate Technology Public Limited Company reported unaudited consolidated earnings results for the second quarter and six months ended December 28, 2012. For the quarter, the company reported revenue of $3,668 million against $3,195 million a year ago. Income from operations was $555 million against $605 million a year ago. Income before income taxes was $499 million against $558 million a year ago. Net income attributable to company $492 million or $1.30 diluted per share against $563 million or $1.28 diluted per share a year ago. Non-GAAP net income was $523 million or $1.38 diluted per share. For the December quarter, cash flow from operations was $844 million, capital investment was $164 million and free cash flow was $680 million.
For the six months, the company reported revenue of $7,400 million against $6,007 million a year ago. Income from operations was $1,179 million against $841 million a year ago. Income before income taxes was $1,099 million against $709 million a year ago. Net income attributable to company $1,074 million or $2.73 diluted per share against $703 million or $1.61 diluted per share a year ago. Non-GAAP net income was $1,117 million or $2.84 diluted per share. Net cash provided by operating activities was $1,976 million as compared to $879 million for the same period prior year. Acquisition of property, equipment and leasehold improvements amounted to $427 million as compared to $361 million for the same period prior year.
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Companyâs principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Companyâs HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
Seagate Technology Public Limited Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 28, 2012