Seagate reduced revenues and earnings

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POSTER: computer news   ||   SEAGATE REDUCED REVENUES AND EARNINGS	DATE:2014-07-18
Yesterday evening, Seagate announced the results of the second quarter 2014, which in its work  corresponds to the fourth quarter 2014.  Thereby, the company also completed its fiscal year.  During the reporting quarter Seagate gained $ 3.3 billion and a net profit of $ 320 million Absolute numbers are decent.  A year ago in the same quarter the company made $ 3.4 billion and net income received more - $ 348 million Seagate explained that the record growth  of Intel processors deliveries    - this is not a reason for instant joy. New systems need HDD.  In other words, the growth of the  hard drives market should be expected in the third calendar quarter.  The company estimates this growth rate at 8%.  Interestingly another, Seagate reduced capital expenditures to 4% instead of the planned 8.6% of the revenue (the amount in the quarter was $ 559 capex million).  This alludes to the saturation of HDD market , which is not ready to take additional volumes.   However, hopefully the third quarter.  Estimated to Seagate, the market volume in this period will be 142-146 million HDD.  After the official report the company raised its forecast for revenue in the third quarter from $ 3.53 billion to $ 3.55 billion. Related Products :

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