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Seagate has reported for the 2021 fiscal year



Seagate has released a report for the fourth quarter of its fiscal year 2021, which ended on July 2. Since this was the last quarter of the year, the figures for the year as a whole were published at the same time. Commenting on them, the head of the company noted that the indicators exceeded expectations. However, first things first.

Quarterly revenue was $ 3.013 billion. Seagate’s revenue in the fourth quarter of the previous fiscal year was $ 2.517 billion. Gross profit for the year increased from 26.5% to 29.4%. The quarter ended in net income of $ 482 million. A year ago, it was equal to $ 166 million.

If we talk about the data for the year, revenue was $ 10.681 billion, gross profit – 27.3%, net profit – $ 1.314 billion. For comparison, in FY2020, these indicators were equal to $ 10.509 billion, 27.0% and $ 1.004 billion, respectively.

During the year, the company paid out $ 649 million to shareholders in the form of dividends and repurchased 33.6 million ordinary shares for a total of $ 2.0 billion. At the end of the year, she had $ 1.2 billion in cash and cash equivalents at her disposal.

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