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Seagate

Seagate and IBM work together to help reduce global hard drive counterfeiting with Blockchain Technology

Seagate Technology plc (NASDAQ: STX), a world leader in data storage solutions, and IBM (NYSE: IBM) today announced they are working together to reduce product counterfeiting using blockchain and security technologies. The project, which is designed to help manufacturers, integrators, and business partners fight counterfeit hard drives, uses the IBM Blockchain Platform to authenticate the provenance of disk drive products, bringing a new level of multi-layered security protection to the data management industry.

Seagate Unveils Industry’s Most Advanced 14TB Data Storage Portfolio

Seagate Technology (NASDAQ: STX), a world leader in data storage solutions, today launched the industry’s widest range of advanced 14TB hard drives, enhancing the company’s enterprise and specialty drive portfolio. Consisting of IronWolf® and IronWolf® Pro for network attached storage (NAS) applications, the BarraCuda® Pro desktop drive, surveillance-optimised SkyHawk™, and Exos™ X14 for hyperscale data centres, this purpose-built portfolio empowers customers to consume, manage and utilise digital data more effectively and efficiently while establishing new benchmarks in speed and capacity.

Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter and fiscal year ended June 29, 2018. For the fourth quarter, the Company reported revenue of $2.8 billion, gross margin of 31.9%, net income of $461 million and diluted earnings per share of $1.57. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 32.4%, net income of $475 million and diluted earnings per share of $1.62. 

Seagate Completes Investment in Bain Capital Private Equity Acquisition of Toshiba Memory Corporation

Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, today announced the Company, along with a consortium of investors led by Bain Capital Private Equity, completed the previously announced acquisition of Toshiba Memory Corporation by K. K. Pangea, a Japanese company formed for purposes of the Acquisition. The Company funded the investment of approximately $1.27 Billion by utilizing cash from its balance sheet.

Seagate Technology Reports Fiscal Third Quarter 2018 Financial Results

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended March 30, 2018. For the third quarter, the Company reported revenue of $2.8 billion, gross margin of 30.2%, net income of $381 million and diluted earnings per share of $1.31. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 30.8%, net income of $424 million and diluted earnings per share of $1.46. 

Asia Pacific Organisations Poised to Overhaul Infrastructure in Order to Embrace AI Technologies

Asia Pacific economies stand to realise the productivity gains offered by Artificial Intelligence (AI) technologies. According to new research from global data and storage leader Seagate Technology, 96 percent of senior IT professionals believe AI applications will drive productivity and business performance. However, an almost equal number of respondents (95%) believe further investments in their IT infrastructure are required to enable them to support their use of AI.

Seagate to Demonstrate Advanced Technology at OCP Summit 2018 to Support Accelerated Hyperscale Demand and Data Growth

Seagate Technology plc (NASDAQ: STX), a world leader in data storage solutions, today unveiled its 14TB helium-based Exos™ X14 enterprise drive at the OCP U.S. Summit 2018 in San Jose, Calif. The Seagate® Exos X14 delivers high performance and greater capacity for hyperscale data centers looking to efficiently and cost-effectively manage increasing amounts of data.

Seagate Technology Reports Fiscal Second Quarter 2018 Financial Results

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended December 29, 2017. For the second quarter, the Company reported revenue of $2.9 billion, gross margin of 30.1%, net income of $159 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 30.4%, net income of $431 million and diluted earnings per share of $1.48. 

Seagate Launches First Drive For AI-Enabled Surveillance

Seagate Technology plc (NASDAQ: STX) announced today its SkyHawk™ AI hard disk drive (HDD), the first drive created specifically for artificial intelligence (AI) enabled video surveillance solutions. Building on Seagate’s 10-year track record of delivering surveillance optimised storage performance, SkyHawk AI provides unprecedented bandwidth and processing power to manage always-on, data-intensive workloads, while simultaneously analysing and recording footage from multiple HD cameras.  

Seagate Technology Reports Fiscal First Quarter 2018 Financial Results

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended September 29, 2017. For the first quarter, the Company reported revenue of $2.6 billion, gross margin of 28.0%, net income of $181 million and diluted earnings per share of $0.62. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 29.0%, net income of $279 million and diluted earnings per share of $0.96. 

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