Seagate Technology has published its regular quarterly report. In the accounting department of a well-known manufacturer of drives, the second quarter of the 2021 fiscal year ended on January 1.
Revenue for the reporting period was $ 2.623 billion. Over the year this indicator has decreased, but not significantly. A year ago, it was equal to $ 2.696 billion. Gross profit for the year decreased from 28.1% to 26.5%.
The reporting period brought the company a net profit of $ 280 million. The report for the second quarter of the previous fiscal year reported a value of $ 318 million.
Non-GAAP calculation, which eliminates the influence of some factors, gives a gross margin of 26.8%. A year ago, this figure was 28.7%. Non-GAAP net income for the year decreased from $ 359 million to $ 323 million.
During the quarter, shareholders were paid $ 167 million in dividends and $ 1 billion in share buybacks. Seagate had $ 1.8 billion in cash and cash equivalents at the end of the quarter.
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