Microsoft Corp said on Thursday Steve Luczo stepped down from its board of directors so he can focus on his job as chief executive of digital storage company Seagate Technology Plc. Luczos exit comes just six weeks after the appointment of Satya Nadella as Microsoft chief executive, which Luczo played a key role in as […]
Hard-disk drive maker Seagate Technology Plc’s second-quarter results missed analysts’ estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading. Weakness in the cloud business was due to long-term rollouts by some of its original-equipment manufacturer customers, with shipments down “a couple of hundred thousand units”, Chief […]
(Reuters) – Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales. Net income fell to $428 million, or $1.24 per share in the second quarter ended December 27, from $492 million, or $1.30 per share, a year earlier. Revenue fell […]
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