Seagate has published another quarterly report. Like many other companies, Seagate has a different fiscal year. In this case, we are talking about the report for the third quarter of the 2021 fiscal year, which ended on April 2.
Seagate’s revenue for the reporting period was $ 2.731 billion. The gross margin was 27.1%, the operating margin was 14.1%, and the quarter ended in net income of $ 329 million. All of these metrics have changed little from the reported fiscal 2020 Q3. More specifically, a year ago, revenue was $ 2.718 billion, gross profit was 27.4%, operating margin was 13.8%, and net income was $ 320 million.
During the quarter, the company paid out $ 161 million to shareholders in the form of dividends. Another $ 751 million was spent on share buybacks. At the end of the reporting period, Seagate had $ 1.6 billion in cash and cash equivalents.
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