Seagate 2Q profit jumps by $263 million
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Hard drive maker Seagate Technology said Thursday its fiscal second-quarter earnings jumped by 188 percent as shipments rose 20 percent year over year.
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Sony Corp. on Thursday reported a big boost in profits in the second quarter, due to the success of box office hit &quot;Spider-Man 2.&quot;.
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Companies' desire to squeeze more out of storage gear pushes storage software revenue to a 17 percent rise over last year, IDC says.
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Hewlett-Packard's troubled Enterprise Storage and Servers group bounced back to profitability during its most recent financial quarter, and the company as a whole saw revenue rise 8 percent to $21.4 billion, the Palo Alto, California, company reported Tuesday.
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Seagate Technology, the worldÂs largest maker of computer disk drives, said it would invest $819 million in its third plant in Singapore for data-storage devices. Jerry Glembocki, senior vice president of SeagateÂs recording heads and media operations, said the new plant would begin operating in mid-2008 and create 3,000 jobs. Lim Hng Kiang, minister for trade and industry, said in a speech that the new facility was a key development for Singapore, which last year accounted for production of a quarter of the worldÂs disk media.
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Seagate Technology STX.N on Tuesday  raised its quarterly revenue and profit forecasts for the  December quarter on strong seasonal demand for newer products,  surpassing analysts' forecasts and sending its shares up more  than 12 percent.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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First-quarter profit more than doubled on asset sales and income from last yearâs two biggest-selling DVD releases.
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Research In Motion Ltd., which makes the BlackBerry handheld device and other mobile products, on Thursday said its second-quarter profit rose significantly on improved sales.
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The household appliance maker said its second-quarter profit rose 77 percent as strong international growth offset weak industry demand and higher material prices.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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HOUSTON Houston-based BMC Software today swung to a second-quarter profit amid resurgent technology spending and cost cutting. In the quarter ended September 30th, BMC earned 12-point-seven (M) million dollars
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November 17, 2004 - Seagate Technology today announced that it has shipped the world&#39;s largest PC hard drive to various retail outlets.
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NEW YORK  - Seagate Technology , the topU.S. maker of hard drives used to store data in computers, onTuesday forecast quarterly revenue above Wall Street estimateson strong demand for storage for larger business computers.
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The worldâs biggest maker of corporate storage gear said fourth-quarter profit rose to $525.7 million, from $388.8 million a year earlier, on strong revenue growth across a broad range of products.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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The 2.6 percent rise in second-quarter earnings overcame weak pricing in the Caribbean and higher fuel costs.