Technology News

Seagate FY2022 First Quarter Report Published

Seagate FY2022 First Quarter Report Published

Seagate, the largest HDD manufacturer, has published its regular quarterly report. The data in the report refers to the first quarter of fiscal year 2022, ending with Seagate on October 1. In other words, Seagate’s fiscal year is not the same as the calendar year.

Seagate’s revenue for the reporting period was $3.115 billion. A year ago, this figure was equal to $2.314 billion. Gross profit for the year increased from 25.8% to 30.7%, and the operating margin increased from 10.8% to 18.8%. The quarter ended in net income of $526 million. By comparison, in the first quarter of fiscal year 2021, net income was $223 million.

Seagate FY2022 First Quarter Report Published

During the quarter, shareholders were paid $153 million in dividends. Another $425 million was used to buy out 4.9 million shares. At the end of the reporting period, the company had 225 million shares outstanding, and Seagate held $991 million in cash and cash equivalents.

READ:  Updated Version Of Resident Evil 3 Received An Age Rating

Related posts

Goodram Industrial Introduces 32GB 3200MHz Industrial SODIMM DDR4 Memory

More Agnes

MSI Prestige laptops based on Intel Alder Lake chips introduced

More Agnes

NVIDIA introduced the GeForce RTX 3090Ti – “monster graphics card”

More Agnes

Redmi Note 11 Pro+ 5G is Already on sale in Europe

More Agnes

Smartphone Black Shark 5 RS Received Two Platforms to Choose From

More Agnes

Corsair Dominator Platinum RGB DDR5 series topped by 6400 MHz memory modules

More Agnes

Leave a Comment