Seagate profits up
HDD makers do well
Seagate posted GAAP net income of $196m on revenues of $1.81bn for Q3 ended March 29, 2002. Strip out restructuring charges of $4m and pro forma net income was $199m.
For the same period last year, the disk drive maker declared GAAP net income of $24 million and pro forma net income of $57 million for the year-ago quarter.
In Q2, ended December 28, net income was $122m. ®