A global leader in storage solutions, Seagate Technology designs, produces, and distributes electronic data storage technology and solutions in Singapore, the U.S.A., the Netherlands, and around the world. The Company sells its products chiefly to original equipment manufacturers (OEMs), distributors, as well as retailers. Seagate Technology is building on its heritage of storage leadership. This is to solve the challenge of getting more out of the living information produced each day.
Seagate Technology offers hard drives, solid state hybrid drives, solid state drives, PCIe cards, as well as serial advanced technology architecture controllers for mission critical and nearline applications in enterprise servers and storage systems. The Company also offers client compute applications; and client non-compute applications.
Furthermore, Seagate provides storage subsystems and high performance computing solutions. In addition, it ships external backup storage solutions under the Backup Plus and Expansion product lines, and under the Maxtor and LaCie brand names.
The Company’s Seagate Cloud Systems and Solutions builds on the Seagate Technology legacy to broaden innovation from the device into the information infrastructure – onsite and in the cloud. Seagate Technology’s Cloud Systems and Solutions portfolio includes HPC Storage Solutions; Modular OEM Storage Systems; and Scale out storage systems.
Seagate Technology’s selection of personal drives include Backup Plus Portable Drives, Backup Plus Desktop, Backup Plus Hub for Mac, and Personal Cloud Home Media Storage. It also includes Expansion Desktop, Expansion Portable Hard Drive, Backup Plus Portable Drives for Mac, Innov8, Sevenᵐᵐ Portable Drive, Wireless Mobile Storage, and Wireless Plus Mobile Storage.
In addition, the Company’s Hard Disk Drives (HDDs), Solid State Drives (SSDs), and data storage systems are purpose-built for enterprise and data center performance, scalability, reliability and security. Seagate’s HDDs are purpose-built for numerous applications, workloads, and storage tiers to maximize storage efficiency. The Company’s Enterprise SSDs provide flash-based storage for immediate data access.
The Company has launched the industry’s fastest and highest-performing hard drive—the Seagate® Enterprise Performance 15K HDD v6. It features capacities up to 900GB. The drive optimizes mission critical workloads through delivering the industry’s highest data performance (up to 315MB/s sustained transfer rate).
At the end of October 2016, Seagate Technology announced the new Game Drive for Xbox SSD, providing elite gamers fast boot and load performance. It’s designed exclusively for Xbox. The Seagate® Game Drive for Xbox SSD utilizes flash storage to improve the gaming experience. The Seagate Game Drive decreases waiting at welcome screens. It also enables faster transitions between levels in top titles such as Forza Horizon 3 and Gears of War 4.
For Q1 Fiscal Year 2017, Seagate Technology had Revenue of $2.8 billion; Gross Margin (non-GAAP) of 29.5 percent; and Cash Flow from Operations of $592 million. Additionally, the Company had Diluted EPS (Earnings per Share, non-GAAP) of $0.99 per share. HDD Capacity Shipped for Seagate was 67 exabytes.
Seagate Technology will report fiscal Q2 2017 financial results after market close on Tuesday, January 24, 2017. The investment community conference call to discuss these results will occur that day at 2:00 p.m. Pacific/5:00 p.m. Eastern.