A published report Seagate for the third quarter of the 2017 financial year

Seagate has published its latest quarterly report. Its accounting calendar 31 March ended in the third quarter of 2017 financial year.

Seagate’s revenue for the reporting period amounted to 2.7 billion dollars. The gross profit, which characterizes the profitability of production, reached a value of 30.5%. The net profit shown in the income statement, is equal to 194 million dollars. The calculation methodology GAAP gives value gross profit to 31.4%, and net profit of 329 million dollars.

In a press release on the report, said that three months had paid dividends in the amount of 186 million dollars. As at the end of the quarter, Seagate had $ 3 billion in cash and cash equivalents. One of the interesting facts you can also be noted like this: during the reporting period there were shipped drives with a total volume of 65.5 AB, and the average capacity was 1.8 TB.

Source: Seagate

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