Friday, October 23, 2020

Seagate Technology Reports Fiscal Q1 2021 Financial Results

Seagate Technology today reported financial results for its fiscal first quarter ended October 2, 2020.

"Seagate delivered solid September quarter results supported by strong recovery in the video and image applications market and healthy cloud data center demand, which drove double digit year-over-year revenue growth for our mass capacity storage solutions. We see indications for Enterprise demand to improve and we expect this to continue as the broader markets gradually recover, supporting our positive December quarter outlook and reinforcing our revenue expectations for the fiscal year," said Dave Mosley, Seagate’s chief executive officer.