At the same time, Seagate is also convinced that investment in Toshiba will bring long-term benefits. Seagate at the end of September with Bain Capital (Bain (Bain), which is the first time in the past, Capital of the US-Japan alliance investors signed with Toshiba, with a total investment of 18 billion US dollars, Seagate will provide one of the 1.25 billion US dollars. Seagate said the company's investment in Toshiba will help to consolidate its NAND Flash business, and strengthen the product "Seagate shares Toshiba will be the potential revenue growth for its NAND Flash business, while providing significant value to customers, according to the Wall Street Journal (WSJ), Seagate is the world's largest," said Dave Mosley, executive director Dave Mosley, at the analyst conference Hard disk manufacturers have continued their layoffs and cost savings plans in response to weak demand in the PC market in recent years. Revenue for the first quarter of fiscal year (September 29) continued to decline, down year-on-year 5.9 percent to $ 2.63 billion, or $ 1.81 billion, or $ 0.62 per share, up from $ 167 million, or $ 0.55 per share, in the same period in 2016. Adjusted After the earnings per share of $ 0.96, lower than $ 0.99 a year ago, but still better than market expectations.According to Thomson Reuters consolidated information, analysts estimate (adjusted) quarter earnings per share of $ 0.86, Revenue of $ 2.54 billion. Seagate said that due to data processing needs warming, its storage products have been gradually withdrawn from the purchase of resources. Looking forward to this season, Seagate estimated quarterly revenue growth ratio of 3 to 5%, gross margin increased by 2 to 3 %. RBC Capital Markets According to this estimate, Seagate's earnings per share will be $ 1.08, revenue of $ 2.74 billion, better than the market estimate of $ 1.03 and $ 2.63 billion.
