Seagate Makes $140 Million in Q1 of FY 2012

Seagate has already completed the first quarter of its fiscal year 2012 so, naturally, the company weighed its gains and losses, finally publishing its financial results.

Seagate appears to be doing more or less well for itself, even now that its unlooked for advantage over Western Digital has yet to come into play.

For those who aren't aware, floods in Thailand have been wreaking havok, severely affecting the operations of hard disk drive makers with factories in the country.

Seagate wasn't affected overmuch, but Western Digital and others were forced to cut down or altogether halt the operations of their manufacturing facilities.

As such, Seagate will, ironically enough, have an easier time ahead, in the short term at least, than its rivals, perhaps even managing to steal top spot as HDD supplier.

Strange ironies aside, though, Seagate is already doing decently, according to its newest financial report.

The company has completed the first quarter of its fiscal year 2011, accumulating revenues of $2.8 billion (about 2.03 billion Euro).

This sum is smaller than the one of Q4, FY 2011 but greater on-year, although it still allowed for an income of $140 million.

Moving forward, not that Seagate also owns Samsung's HDD assets, the battle for the top spot will be joined once more.

In other words, while the 51 million sold hard disk drives of the past quarter weren't exactly on par with what Western Digital sent out, the next three months might be different.

The company intends to soon launch 5TB HDDs, which may help raise its status in the eyes of prospective customers.

For those who are actually interested in what the company is already selling, however, Seagate has 4TB GoFlex HDD and these very thin units, to name a few. Android-compatible wireless HDDs could use a mention as well (read about them here).