Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended September 28, 2018.
“In the September quarter, we achieved strong financial results in revenue, profitability and cash flow, reflecting solid execution and positive demand for our products across multiple markets. By delivering competitive cost-effective mass storage solutions, Seagate is a crucial supplier in supporting the Data Age digital transformations that are happening across the storage marketplace. We believe our deep storage industry expertise, leading technology portfolio and focused execution will continue to drive long-term success for the company and deliver value to our shareholders,” said Dave Mosley, Seagate’s chief executive officer.
Quarterly Financial Results
GAAP |
Non-GAAP |
||||
FQ1 2019 |
FQ1 2018 |
FQ1 2019 |
FQ1 2018 |
||
Revenue ($M) |
$2,991 |
$2,632 |
$2,992 |
$2,632 |
|
Gross Margin |
30.5% |
28.0% |
31.0% |
29.0% |
|
Net Income ($M) |
$450 |
$181 |
$496 |
$279 |
|
Diluted Earnings Per Share |
$1.54 |
$0.62 |
$1.70 |
$0.96 |