Seagate Technology Reports Fiscal Third Quarter 2021 Financial Results
Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”), a world leader in data storage infrastructure solutions, today reported financial results for its fiscal third quarter ended April 2, 2021.
"Seagate delivered another quarter of strong financial performance driven by ongoing operational execution and record sales of our high capacity nearline drives. We grew revenue, expanded profitability and achieved non-GAAP EPS above our guided range. Our March quarter results underscore the strength of our HDD product portfolio and increasing demand for mass capacity storage," said Dave Mosley, Seagate’s chief executive officer.
"These trends lend further support to our June outlook, including an anticipated return to solid year-over-year revenue growth in the June quarter and enhanced profitability. As the datasphere continues to grow in scale and complexity, our innovative technology, flexible product roadmap and mass data expertise make us well positioned to capture significant opportunities in our core HDD business and address customers’ emerging needs to move, secure and store data across a more distributed enterprise."
Quarterly Financial Results
|
GAAP |
Non-GAAP |
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FQ3 2021 |
FQ3 2020 |
FQ3 2021 |
FQ3 2020 |
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Revenue ($M) |
$ |
2,731 |
|
$ |
2,718 |
|
$ |
2 | ||||||||