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Adam_a

Seagate Releases 4Q18 & Fiscal Year Earnings

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For the year, Seagate is reporting $11.2 billion in revenue up from $10.8 billion the year prior. The company had a gross margin of 30.1% up form 29.5% in 2017. Seagate is reporting a net income of $1.2 billion up from last year’s $772 million. The company states that they have generated approximately $2.1 billion in operating cash flow and paid cash dividends of $726 million and repurchased 10 million ordinary shares for $361 million. Seagate’s board of directors have approved of a quarterly cash dividend of $0.63 per share, which will be payable on October 3, 2018 to shareholders of record as of the close of business on September 19, 2018.

 

 

 

Seagate Releases 4Q18 & Fiscal Year Earnings

 

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2% GM improvement is pretty significant, especially for a company with a lot of commodity products and consequently thin margins!

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