Seagate revenue up 8.5 percent on demand for PC, cloud products

Reuters News
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Posted: Oct 27, 2014 8:11 AM

(Reuters) - Hard-disk drive maker Seagate Technology Plc <STX.O> reported an 8.5 pct rise in quarterly revenue, helped by higher demand for its personal computer and cloud storage products.

Net income attributable to Seagate fell to $381 million, or $1.13 per share for the first quarter ended Oct. 3, from $427 million, or $1.16 per share, a year earlier.

Revenue rose to $3.79 billion from $3.49 billion.

(Reporting By Sai Sachin R and Anya George Tharakan in Bangalore; Editing by Joyjeet Das)