Seagate reported for the second quarter of the 2017 financial year

Seagate Technology has published its latest quarterly report. This manufacturer December 30, 2016 ended the second quarter of 2017 financial year.

Seagate’s revenue for the reporting period amounted to 2.9 billion dollars. Gross profit was equal to 30.8%, and net profit to 297 million dollars. For comparison, in the prior quarter revenue of Seagate was $ 2.8 billion, gross margin of 28.6%, net profit of 167 million dollars.

The report also shows figures calculated by the method GAAP, which allowed to exclude the influence of some factors: gross profit of 31.8%, net profit — 412 million dollars.

For the quarter was generated cash flow of $ 656 million. Dividends paid to shareholders amounted to 188 million dollars. In addition, it was repurchased 4.1 million common shares for $ 147 million dollars. In the end, as at the end of the quarter the manufacturer had cash, including short-term obligations in the amount of approximately $ 1.7 billion.

Source: Seagate

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