Seagate has published a report for the fourth quarter of fiscal year 2017 and the year in General
Seagate Technology has published a report for the fourth quarter of 2017 financial year, which it ended on 30 June 2017 and for the entire fiscal year.
During the quarter Segate was able to earn an income 2,406 billion. A year ago this figure was equal to 2,654 billion. Gross quarterly profit was equal to 27.7%, net profit of 114 million dollars. The calculation methodology GAAP gives the figures of gross and net profit 28.9% and 192 million respectively.
Generate in the quarter cash flow of $ 243 million, the manufacturer has returned to shareholders about $ 400 million in the form of dividends and share buybacks.
For the full year, the company received 10,771 billion dollars in revenue. A year ago, the income was equal of 11.16 billion. Gross profit was equal to 29.5%. By the end of the year was a net profit of 772 million dollars. If you count non-GAAP, gross profit increased to 30.5%, and net profit is equal to $ 1.2 billion.
Cash flow for the year amounted to $ 1.9 billion. The payment of dividends was allocated 561 million dollars on share buybacks — $ 460 million.
The company completed fiscal year, with cash and equivalents of $ 2.5 billion.