Seagate Technology Reports Fiscal Third Quarter 2024 Financial Results
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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Source: Business Wire
Fiscal Q3 2024 HighlightsRevenue of $1.66 billionGAAP diluted earnings per share (EPS) of $0.12; non-GAAP diluted EPS of $0.33Cash flow from operations of $188 million and free cash flow of $128 millionDeclared cash dividend of $0.70 per share FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), the leading innovator of mass-capacity storage solutions, today reported financial results for its fiscal third quarter ended March 29, 2024."Seagate’s March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, our strong operating discipline and price execution. This combination sets the foundation for a return to target margin performance as the markets recover," said Dave Mosley, Seagate’s chief executive officer."This constructive demand backdrop is well-timed as we prepare to ramp our Mozaic products, anchored by industry-leading HAMR technology. HAMR-base
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