Seagate Tech ( (STX) ) has provided an announcement.
Seagate Technology has reported a strong start to its fiscal year, with significant financial growth and a quarterly dividend increase to $0.72 per share, payable in January 2025. The company achieved a revenue of $2.17 billion and a GAAP diluted EPS of $1.41 in the first quarter of fiscal 2025. Seagate also highlighted the expansion of its 28-terabyte nearline drives and growing cloud customer base. A webcast detailing the company’s outlook for the second quarter of fiscal 2025, including expected revenue of around $2.30 billion, will be available on their Investor Relations website.
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