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back to article Seagate’s suffering from mighty profit droop syndrome

Major droop alert: as per its preliminary warning, Seagate’s revenues and profits tumbled on the annual compare. Revenues of $2.9bn in its first fiscal 2016 quarter were 23 per cent down on the $3.79bn reported a year ago while the $34m profit was a whacking great 91 per cent lower than the $381m recorded a year ago. That …

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  1. Gannettt

    It isn't nice being out in the cold. Perhaps they could keep warm by running one of their own drives!

    0 0 Reply
  2. Gene Cash Silver badge

    SSDs and an obsolete tech

    Aren't the Seagate/WD financials a bit like Kodak/Polaroid when decent digital cameras showed up?

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  3. WatAWorld

    If Seagates drives didn't fail so frequently they might have been able to hang on

    If Seagates drives didn't fail so frequently they might have been able to hang on.

    1 1 Reply
  4. ThrockMorton

    The tech market knows !

    WhataWorld is bang on.

    Have a look over here for why Seagate is doing badly:

    http://www.extremetech.com/computing/198154-2014-hard-drive-failure-rates-point-to-clear-winners-and-losers-but-is-the-data-good

    0 0 Reply

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