Feeds

Seagate's big disks pump up outlook

EPS loves ATA

Intelligent flash storage arrays

Seagate raised its third quarter financial outlook today, citing a healthy market for high-end ATA disk drives.

The world's largest HDD firm increased its non-GAAP earnings per share forecast to between 63 cents and 67 cents per share, up from 57 cents to 61 cents per share predicted earlier. Seagate still expects net revenue to be in the range of $3.2-$3.3bn.

In a US Securities and Exchange Commission filing today, Seagate said it expects overall demand in the March quarter to be average in terms of sales. But profitability for the quarter will be boosted by a "favorable mix" of enterprise and high capacity ATA gear, and overall pricing that has been "slightly favorable to the original plan."

"Whatever the macro environment is, in terms of our business and demand for storage and the mix of products, it's offsetting that and allowing us to manage the company very profitably and we feel good about that," Seagate CFO Charles Pope said today at a Morgan Stanley investment conference, according to Reuters .

The forecast contrasts with an Intel investor outlook update made yesterday. Chipzilla said it may suffer a gross profit margin slump for its current quarter because of sinking pricing in the NAND flash memory market.

All hail disk.®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
Cisco and friends chase WiFi's searing speeds with new cable standard
Cat 5e and Cat 6 are bottlenecks for WLAN access points
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.