Seagate has published a report for the next quarter. This producer September 30, 2016 ended the first quarter of 2017 fiscal year.
the Seagate Profit for the reporting period amounted to 2.8 billion dollars. Gross profit, which characterizes profitability amounted to 28.6%. Net profit was equal to 167 million dollars. If settle non-GAAP method, gross profit is equal to 29.5%, and net profit – 299 million dollars.
The drafters of the report point out that during the quarter the company repurchased 3,000,000 ordinary shares in the amount of 101 million dollars. As of the end of the reporting period, Seagate was the disposal of money, cash equivalents and short-term securities in the amount of 1.5 billion dollars.
Source: the Seagate