Seagate Technoly reports Fiscal Second Quarter 2011 Results
Seagate Technology has reported financial results for the quarter ended December 31, 2010. The company shipped 48.9 million disk drives and on a GAAP basis and reported a revenue of $2.7 billion, gross margin of 19.5%, net income of $150 million and diluted earnings per share of $0.31. On a non-GAAP basis, which excludes the net impact of purchased intangibles amortization and restructuring, Seagate reported net income of $159 million and diluted earnings per share of $0.33 for the quarter ended December 31, 2010.
For the six months ended December 31, 2010, the company reported,on a GAAP basis, a revenue of $5.4 billion, gross margin of 19.9%, net income of $299 million and diluted earnings per share of $0.61. On a non-GAAP basis, which excludes the impact of purchased intangibles amortization and restructuring, Seagate reported a net income of $339 million and diluted earnings per share of $0.70.
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