Saturday, May 31, 2025
Phonemantra
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
Phonemantra
No Result
View All Result
Home Market News

Seagate Revenue Decreases 10% YoY, But Net Profit Increases 11%

Seagate Quarterly Report Published

Seagate Technology has published its regular quarterly report. The well-known manufacturer of storage solutions ended the first quarter of fiscal year 2021 on October 2, 2020.

Seagate Revenue
Seagate Revenue

Seagate Revenue Decreases 10% YoY, But Net Profit Increases 11%

During the reporting period, revenue was generated at $ 2.314 billion. A year ago, this figure was equal to $ 2.578 billion, that is, in annual terms, it decreased by more than 10%. Gross profit for the same period decreased from 26.0% to 25.8%.

At the same time, a net profit of $ 223 million was received for the quarter. For comparison: in the first quarter of fiscal year 2020, this figure was equal to $ 200 million, that is, there is an increase of about 11%.

A non-GAAP calculation results in a 26.7% drop in gross profit to 26.5%, and a net income of $ 242 million, up from $ 278 million a year ago.

At the end of the quarter, Seagate had $ 1.7 billion in cash and cash equivalents.

  • 0Facebook
  • 0WhatsApp
  • 0Twitter
  • 0Pinterest
  • 0Reddit
  • 0Telegram
  • 0Skype
  • 0Facebook Messenger
  • Copy Link
  • 0Print
  •  shares

Related Posts

Market News

Between 2020 and 2030, the cobot market will grow from $ 475 million to $ 8 billion

May 27, 2021
Market News

Wholesale smartphone sales are expected to grow 13% this year

April 16, 2021
Market News

72 million households will have 8K TVs in 2025

April 9, 2021
Market News

Online Video & Games Market Grows To $ 330 Billion

April 7, 2021 - Updated on December 8, 2022
Market News

Gartner predicts global IT spending to reach $ 4.1 trillion this year

April 7, 2021 - Updated on December 8, 2022
Market News

Global smartphone production to shrink 6% this quarter

March 14, 2021 - Updated on December 8, 2022

Recommended Stories

Xiaomi is preparing a 5G mid-range smartphone Mi 10S: the announcement is expected in March

March 7, 2021 - Updated on December 8, 2022
stages of shingles

The Uncomfortable Journey: Navigating Through the Stages of Shingles

August 28, 2023
Intel Meteor Lake processor

The first tests of the Intel Meteor Lake processor

June 2, 2023

Ads

Popular Stories

  • Coping with Diabetes During the Summer Heat

    Coping with Diabetes During the Summer Heat

    0 shares
    Share 0 Tweet 0
  • Food Allergies

    0 shares
    Share 0 Tweet 0
  • Why Colon Health Should Be a Top Priority

    0 shares
    Share 0 Tweet 0
  • The Importance of Speaking Up About Healthcare Decisions

    0 shares
    Share 0 Tweet 0
  • The Truth About Dieting

    0 shares
    Share 0 Tweet 0
Phonemantra

© 2025 Phonemantra

Navigate Site

  • Our Team
  • Sitemap
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming

© 2025 Phonemantra