14 DAY TRIAL // Over the past month, Seagate had time to check all its expenses and income, eventually finalizing the financial report that all large corporations need to post every three months.
On March 29, 2013, Seagate ended the third quarter of its fiscal year 2013. Now, the financial results have finally been published.
The drop in PC sales has shown its effects, impacting revenue. Seagate did make $3.5 billion or so (€2.66 billion), but it is a small sum compared to the $4.4 billion / €3.34 billion of a year before.
That goes for the net profit as well. Seagate managed to gather $416 million / €316 million. Not even close to the $1.1 billion / €840 million of Q3 FY2012.
Still, Seagate feels optimistic about how everything turned out, despite the decline of 7% in shipments of HDDs (to 36.6 million, 16.6% lower on-year).
For those interested, the figure is divided into 17 million mobile HDDs and 19.6 million desktop models.
“Seagate’s operational results this quarter again reflect strong execution,” said Steve Luczo, Seagate’s chairman, president and chief executive officer.
“The continued advancement of cloud, mobile and open source computing are trends that are shifting data volumes toward personal and corporate cloud environments, creating tremendous opportunities for Seagate’s leading storage technology portfolio. Looking ahead, our top priorities are focused on the efficiency of our operations, extending our leadership in storage technology innovation and returning value to shareholders.”
On the enterprise front, Seagate shipped 7.5 million HDDs, 3% lower on-quarter. As for HDDs used in consumer electronics (media players and the like) or shipped as external drives, there were 11.6 million: 5.8 million for CE and 5.8 million Seagate-branded drives.
Right now, Seagate holds 41% of the HDD market. For the next quarter, it believes unit demand will stay at the same level. The same goes for revenue.