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Adam_a

Seagate Reports 2Q19 Earnings

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Looking at the numbers for the quarter, Seagate is reporting revenue of $2.715 billion, down from last quarter’s near $3 billion and down 7% from the same time last year. The company is reporting a GAAP net income of $384 million (or $1.34 diluted earning per share), up from $159 million year over year. For non-GAAP net income, Seagate saw $405 million (or $1.41 diluted EPS) a drop from $431 million or $1.48 EPS in year over year. Seagate is reporting gross margin of 29.2% GAAP and 29.7% non-GAAP and free cash flow of $161 million

 

 

Seagate Reports 2Q19 Earnings

 

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I was told just the other day they had a decent RIF that impacted the flash team. Weird place to make cuts.

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