kyocera vertical left banner EIITF - 2014 right banner
 

AN ISO 9001:2008 CERTIFIED COMPANY

Advertisement

Seagate Technology reports Fiscal Q2 2012 Financial Results

Bookmark and Share   print  Print this   rss  RSS  
Posted on -Wednesday, February 1, 2012    By VARINDIA Correspondent
  Seagate Technology reports Fiscal Q2 2012 Financial Results 

Seagate Technology has reported financial results for the quarter ended December 30, 2011. The company shipped 47 million disk drives and reported revenue of $3.2 billion, gross margin of 31.6%, and net income of $563 million and diluted earnings per share of $1.28. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $581 million and diluted earnings per share of $1.32 for the quarter ended December 30, 2011.

For the six months ended December 30, 2011, the company reported revenue of $6.0 billion, gross margin of 26.0%, net income of $703 million and diluted earnings per share of $1.61. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $727 million and diluted earnings per share of $1.67. Seagate returned $151 million to shareholders in the form of a dividend and repurchased $191 million of Seagate ordinary shares which equates to approximately 13 million ordinary shares.

Seagate announced on December 19, 2011 the closing of the acquisition of the hard disk drive business of Samsung Electronics Co., Ltd. Related to this transaction, amortization of acquisition-related intangibles of $5 million (non-cash expense) is included in the GAAP basis net income for the fiscal second quarter and six months ended December 30, 2011.  For Seagate's third fiscal quarter, which ends on March 30, 2012, it is expected that amortization of acquisition-related intangibles will be approximately $35 million.

Related Articles
 
No comment posted yet! Be the first to post a comment.
Reviews
Comments :
Name :
Company :
City :
Email :

Can’t Read? Refresh Captcha


(Please enter the security code as shown on the left image.)
 
(All fields are essential)
 
 
SIITF 2012 WIITF2013_Banner 12th Star Nite Award 2013
IRIS - IBM Banner
Sparsh_WebBanner

Quick Links

Star Nite Award 2014 SIITF 2014 Banner
Page render in 3 second.