MILANO, Italia — 12 Febbraio 2007 — Seagate Technology (NYSE: STX) ha annunciato entrate di 3 miliardi di dollari, un fatturato netto GAAP (General Accepted Accounting Principles) di 140 milioni di dollari, e guadagni diluiti per azione di 0.23 dollari per il trimestre conclusosi il 29 Dicembre 2006. Compresi nei 3 miliardi di dollari di fatturato si registrano circa 200 milioni di dollari derivati dai prodotti Maxtor. Nel fatturato netto e nei guadagni diluiti per azione sono inclusi circa 76 milioni di dollari per le spese associate direttamente all’acquisizione di Maxtor e 19 milioni di dollari per il ritiro anticipato dell’8% dei titoli. Escludendo questi costi, il fatturato netto non-GAAP e i guadagni diluiti per azione sono stati rispettivamente di 236 milioni e di 0.39 dollari.
Nel corso del trimestre conclusosi il 29 Dicembre 2006, Seagate ha registrato entrate pari a 5.8 miliardi di dollari, un fatturato netto GAAP di 159 milioni di dollari e guadagni diluiti per azione di 0.27 dollari. Il profitto netto e i guadagni diluiti per azione comprendono le spese di circa 158 milioni di dollari legate direttamente all’acquisizione di Maxtor, 19 milioni di dollari per il ritiro anticipato dell’8% dei titoli e 3 milioni di dollari per le rettifiche relative alla riorganizzazione pre-esistente. Sono da considerarsi esclusi da questi costi, il fatturato netto non-GAAP e i guadagni diluiti per azione rispettivamente di 333 milioni e di 0.56 dollari.
SCOTTS VALLEY, California — January 23, 2007 — Seagate Technology (NYSE: STX) today
reported revenue of $3.0 billion, GAAP net income of $140 million, and diluted earnings per share of
$0.23 for the quarter ended December 29, 2006. Included in the $3.0 billion of revenue is
approximately $200 million from legacy Maxtor designed products. Net income and diluted earnings
per share includes approximately $76 million of charges directly associated with the Maxtor acquisition
and $19 million for the early retirement of the 8% notes. Excluding these charges, non-GAAP net
income and diluted earnings per share were $236 million and $0.39.
For the six months ended December 29, 2006 Seagate reported revenue of $5.8 billion, GAAP net
income of $159 million and diluted earnings per share of $0.27. Net income and diluted earnings per
share includes charges of approximately $158 million directly associated with the Maxtor acquisition,
$19 million for the early retirement of the 8% notes and a $3 million favorable adjustment to the
restructuring reserve. Excluding these charges, non-GAAP net income and diluted earnings per share
were $333 million and $0.56.
Adjustments made to GAAP net income and diluted earnings per share can be found with the financial
statements included with this press release.
“Seagate just delivered the industry’s first $3 billion quarter, and 30% growth over our year-ago
quarter,” said Bill Watkins, Seagate’s chief executive officer. “These results are driven by the
explosive growth in digital content and the resulting growth in demand for storage, as well as by our
ability to deliver a broadening suite of products to a growing set of customers. This solid quarter
reflects better than expected desktop pricing during the quarter, the successful transition of Maxtor
customers to more cost-effective, higher margin Seagate products, and continued operational
excellence. With the Maxtor integration substantially complete and exciting new products hitting the
market in the current quarter, Seagate is on a path to further increase profitability in the traditionally
slower back half of the fiscal year.
“During the December quarter, we shipped a record 7 million disc drives for consumer electronics
applications, increased our shipments into the mobile compute market by 52% year-over-year, and
continued to solidify our substantial lead in the enterprise and desktop markets. Additional highlights of
the quarter include the start of OEM qualification of Seagate’s 1.8-inch products; the successful launch
of the re-branded Seagate and Maxtor external storage products which included four new Seagate
external storage solutions; and the expansion of Seagate’s services business with the announced
acquisition of EVault, Inc. Our employees have much to be proud of as I believe Seagate’s product and
operational execution, as well as the company’s market presence and visibility, have never been
stronger. We have laid the foundation for continued success and growing profitability in 2007.”
Additional information relating to the financial results for the second fiscal quarter of 2007 can be
found online at seagate.com.
News Source: Seagate Press Release
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