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Seagate Reports 2Q18 Earnings

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Looking at the numbers, Seagate is reporting a revenue of $2.9 billion, up from last quarter’s $2.6 billion and up slightly from last year’s $2.89 billion. The company is reporting a GAAP gross margin of 30.1% and a non-GAAP gross margin was 30.4%. For net income, Seagate is reporting $159 million (or $0.55 diluted earnings per share) GAAP and $431 million (or $1.48 diluted earnings per share) non-GAAP. The company is also reporting $850 million in cash flow from operations and $773 million in free cash flow.


Seagate Reports 2Q18 Earnings

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