Seagate Technology Holdings plc reports developments in mass-capacity data storage, including hard disk drive technology, enterprise storage demand, and consumer storage products. The company serves hyperscale cloud providers, enterprises, and consumers with storage solutions used to protect, create, manage, and scale data.
Recurring Seagate news includes fiscal results, dividend actions, investor-event participation, board governance updates, and product announcements across its Seagate, FireCuda, and LaCie brands. Technology updates also cover its Mozaic platforms, HAMR-based storage, high-capacity drives, and customer qualification activity in hyperscale environments.
Seagate Technology (NASDAQ: STX) has launched its cloud storage platform, Lyve Cloud, in Singapore, enhancing accessibility for global enterprises. Celebrating its anniversary, the platform focuses on providing simplicity, flexibility, and cost predictability in data management. With over 50 ecosystem partnerships, including Zadara and Equinix, Lyve Cloud aims to optimize mass data utilization. Key features include no lock-in, no API charges, and no egress fees, along with ISO27001 and SOC2 certifications ensuring data security.
Zadara collaborates with Seagate Technology Holdings plc (NASDAQ: STX) to enhance their Lyve Cloud platform by integrating Zadara's zCompute, an elastic and expert-managed compute infrastructure. This partnership aims to provide customers with scalable and cost-effective cloud computing solutions. Key zCompute features include a flexible consumption model, instant provisioning, and 24/7 managed support, addressing enterprises' need for high-performance workloads. This initiative aligns with Seagate's vision of simplifying data management for large-scale applications.
Seagate Technology Holdings (NASDAQ: STX) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022. The presentation is scheduled for 9:45 AM PT / 12:45 PM ET. Investors can access a live webcast via Seagate's Investor Relations website, with a replay available for at least 30 days post-event. Seagate is known for its data storage solutions, having shipped over three billion terabytes of data capacity globally over the last 40 years.
Seagate Technology reported a strong fiscal Q2 2022, with revenue of $3.12 billion, up 18% year-over-year. GAAP diluted EPS was $2.23 while non-GAAP diluted EPS was $2.41. Strong operational cash flow reached $521 million and free cash flow was $426 million. The company returned $622 million to shareholders through dividends and share repurchases. Outlook remains positive with expectations for 3-6% growth supported by demand for high-capacity products.
Seagate Technology Holdings plc (NASDAQ: STX) has appointed Yolanda Lee Conyers to its Board of Directors and the Compensation Committee, effective January 24, 2022. Mike Cannon, Board Chair, expressed confidence in Conyers’ extensive experience in global human resources and technology, noting her potential to enhance diversity within the company. Conyers brings over 30 years of international experience, having held leadership positions at Lenovo, Dell Technologies, and Texas Instruments. Her academic background includes a master's in International Business and a bachelor's in Computer Science.
Seagate Technology Holdings plc (NASDAQ: STX) will report its fiscal second quarter 2022 financial results on January 26, 2022, after market close. An investment community conference call will occur on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. Stakeholders can access the live audio webcast on Seagate's Investor Relations website. Established for over 40 years, Seagate has shipped more than three billion terabytes of data capacity.
Seagate Technology (NASDAQ: STX) has launched the Exos Application Platform (AP), featuring 2nd Gen AMD EPYC processors for enhanced compute and storage performance. This ultra-compact system addresses the growing demand for efficient data management, as enterprise data is projected to grow by 42.2% over the next two years. The Exos AP aims to optimize rack space, power efficiency, and storage density, helping enterprises harness 68% of unleveraged data. The new platform is available this month, promising flexibility and improved total cost of ownership (TCO).
Seagate Technology Holdings (NASDAQ: STX) announced its participation in upcoming virtual investor events. The events include the 5th Annual Virtual Wells Fargo TMT Summit on December 1, 2021, at 1:00 PM PT, the UBS Global TMT Virtual Conference on December 6, 2021, at 12:00 PM PT, and the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:40 AM PT. Webcasts will be available on Seagate’s Investor Relations website, with replays accessible for 30 days post-event.
Seagate Technology Holdings (NASDAQ: STX) announced the retirement of Stephen J. Luczo from its Board of Directors, effective October 20, 2021. Luczo has been affiliated with Seagate for 28 years, serving as Board Chair from 2002 to 2020 and holding various leadership roles including CEO. His tenure is recognized for significant contributions to Seagate's technological advancements, bolstering its position as an industry leader in mass-data storage. The company appreciates Luczo's dedication and leadership during his time at the helm.
Seagate Technology (NASDAQ: STX) launched its Star Wars™ Beskar™ Ingot Drives, the first collectible branded drives inspired by the Star Wars franchise, just in time for the holiday season. The collection includes various formats such as M.2 NVMe, 2.5-inch SATA, and external HDDs, appealing to gamers and Star Wars enthusiasts. Prices range from $99.99 for the external HDD (2TB) to $259.99 for the 1TB SSD. Each drive features the iconic Beskar design and comes with a five-year warranty plus three years of data recovery services, enhancing consumer confidence.