Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 7.1% Yield

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Go back to Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 7.1% Yield

Seagate Technology Reports Fiscal First Quarter 2017 Financial Results

October 19, 2016 8:01 AM EDT

CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) (the Company or Seagate) today reported financial results for the first quarter of fiscal year 2017 ended September 30, 2016. For the first quarter, the Company reported revenue of $2.8 billion, gross margin of 28.6%, net income of $167 million and diluted earnings per share of $0.55. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 29.5%, net income of $299 million and diluted earnings per share of $0.99.

During the first quarter, the Company generated $592 million in operating cash flow and repurchased 3 million ordinary shares for $101... More