Feeds

Seagate: Oh no, is my enterprise disk sales slip showing?

Hard disks, hard times, hard numbers

Mobile application security vulnerability report

Seagate saw a 9.3 per cent slip in enterprise disk drive sales in its first fiscal 2013 quarter and revenues fell to $3.732bn compared to the previous quarter's $4.482bn.

However, revenues were higher than the year-ago quarter's $2.8bn, when a profit of $140m was made. In the latest quarter profits were substantially higher at $582m - or 15.6 per cent of revenues, which contrasts with profits at 5 per cent of revenues a year ago and at 22.6 per cent of revenues in the final fiscal 201 quarter. The drive shortages resulting from the Thai floods drove up prices and this effect is now being worked out.

Seagate quarterly revenue history to Q1 fy2013

Seagate shipped 57.6 million hard drives in the quarter. Rival WD shipped more in its latest quarter, 62.5 million, and earned more revenue at $4.035bn but less profit at $519m, 12.9 per cent of revenues. Seagate sold fewer drives but earned more profit.

Seagate profit revenue percent

A chart comparing the two companies' quarterly revenues shows that WD has overtaken Seagate and both suppliers have entered a downturn in their latest quarter.

Seagate vs WD revenues

Highlights of Seagate's numbers were:

  • Enterprise class shipments decreased per cent year-over-year to 6.3 million. These results include 3.3 million hard drives for mission critical applications and 3.0 million hard drives for nearline applications.
  • Client compute shipments increased 2 per cent year-over-year to 40.7 million disk drives, including 20.3 million mobile hard drives and 20.4 million desktop hard drives.
  • Non-compute shipments in the September quarter increased slightly year-over-year to 10.6 million hard drives, including 5.8 million consumer electronics (“CE”) hard drives and 4.8 million Seagate branded hard drives.

The company says it is moving to sell more higher-value drives. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
Seagate chances ARM with NAS boxes for the SOHO crowd
There's an Atom-powered offering, too
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.