Seagate Technology (STX) Tops Q1 EPS by 11c
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Seagate Technology Reports Fiscal First Quarter 2018 Financial Results
October 23, 2017 8:01 AM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for the quarter ended September 29, 2017. For the first quarter, the Company reported revenue of $2.6 billion, gross margin of 28.0%, net income of $181 million and diluted earnings per share of $0.62. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 29.0%, net income of $279 million and diluted earnings per share of $0.96.
During the first quarter, the Company generated $237 million in cash flow from operations and returned approximately $350 million to shareholders... More
