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Seagate Technology Reports Fiscal Fourth Quarter and Year-End 2009 Results

Quarterly revenue of $2.35 billion – Cash, Short-term Investments and Restricted Cash grew to $2.0 billion – Expects sequential revenue growth and margin improvement

SCOTTS VALLEY, Calif. – July 21, 2009 – Seagate Technology (NASDAQ: STX) today reported results for the quarter ended July 3, 2009 of 40.6 million disk drive unit shipments, revenue of $2.35 billion, a net loss of $81 million and net loss per share of $0.16. The financial results for the quarter include $21 million of purchased intangibles amortization and other charges associated with acquisitions, and $85 million of restructuring and related accelerated depreciation charges. The aggregate impact of these items is $106 million or approximately $0.22 per share.

Read the full press release

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July 21, 2009 - 1:14 pm | By Seagate Technology | Posted in Company, Financial, News Center, Seagate | Tagged , ,

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