Seagate Technology Holdings plc Reports Earnings Results for the Second Quarter and Six Months Ended December 30, 2022
January 25, 2023 at 04:06 pm
Share
Seagate Technology Holdings plc reported earnings results for the second quarter and six months ended December 30, 2022. For the second quarter, the company reported sales was USD 1,887 million compared to USD 3,116 million a year ago. Net loss was USD 33 million compared to net income of USD 501 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 2.27 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 2.23 a year ago.
For the six months, sales was USD 3,922 million compared to USD 6,231 million a year ago. Net loss was USD 4 million compared to net income of USD 1,027 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 4.58 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 4.5 a year ago.
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Companyâs principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Companyâs HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.