A published report Seagate in the first quarter of 2018 financial year

Seagate has published a report for the first quarter of 2018 fiscal year. From a well-known manufacturer, this reporting period ended on 29 September 2017.

For three months, Seagate has managed to earn income 2,632 billion. The gross profit, which characterizes the profitability of production, was equal to 28.0%. Net profit amounted to 181 million dollars. For comparison: a year ago, Seagate’s income was equal to 2,797 billion, net profit of 167 million dollars.

If considered not by the method GAAP, gross profit is equal to 29.0 per cent, and net profit increased to 279 million dollars.

During the reporting period was paid to shareholders $ 350 million — in the form of dividends and stock repurchase. As at the end of the quarter, the company had cash and cash equivalents in the amount of 2,285 billion, and the total value of all assets was estimated at 8,956 billion.



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