On Friday, Shares of Seagate Technology PLC (NASDAQ:STX), remained flat at $38.06.
Seagate Technology plc, stated financial results for the first quarter of fiscal year 2016 ended October 2, 2015. For the first quarter, the Company stated revenue of about $2.9 billion, gross margin of 23.6%, net income of $34 million and diluted earnings per share of $0.11. On a non-GAAP basis, which excludes the net impact of certain items, Seagate stated gross margin of 24.2%, net income of $165 million and diluted earnings per share of $0.54.
During the first quarter, the Company generated about $824 million in operating cash flow, paid cash dividends of $163 million and repurchased about 20 million ordinary shares for $983 million. There were 299 million ordinary shares issued and outstanding as of the end of the quarter. Cash, cash equivalents, and short-term investments totaled about $1.9 billion at the end of the quarter.
“During the quarter, we made solid progress against our core initiatives to bolster our product portfolio, contain costs and return capital to shareholders,” said Steve Luczo, Seagate’s chairman and chief executive officer. “While lower than planned nearline enterprise demand temporarily influenced our financial results, we are happy with the momentum we have across our products, which will be further supported by the newly attained assets of Dot Hill and our ability to now completely integrate the Samsung hard drive business. As we look forward, we are focused on delivering storage solutions for a noteworthy range of existing, growing and emerging areas, and believe we have the right strategy and portfolio to deliver value to shareholders.”
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.
Shares of Symantec Corporation (NASDAQ:SYMC), inclined 0.54% to $20.60, during its last trading session.
Fortinet, Intel Security, Palo Alto Networks (PANW) and Symantec Corp. (SYMC), co-founders of the Cyber Threat Alliance (CTA), declared the publication of research examining the evolution and global impact of the aggressive CryptoWall ransomware.
“Lucrative Ransomware Attacks: Analysis of the CryptoWall Version 3 Threat,” is the first published report using combined threat research and intelligence from the founding and contributing members of the CTA. This whitepaper provides organizations worldwide valuable insight into the attack lifecycle of this lucrative ransomware family, which is associated with over US$325 million in revenue for the malicious actors behind it, in addition to recommendations for prevention and mitigation.
Symantec Corporation, together with its auxiliaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in various environments from the mobile device and enterprise data center and to cloud-based systems.
Finally, Shares of Hilton Worldwide Holdings Inc (NYSE:HLT), ended its last trade with -0.72% loss, and closed at $24.99.
Hilton Worldwide Holdings, declared an upgrade to LightStay, its state-of-the-art, in-house corporate responsibility measurement platform across the company’s more than 4,440 properties globally. With new features and enhancements, this next generation of LightStay now serves as the comprehensive, one-solution platform for all environmental, operational and social impact reporting for Hilton’s global portfolio of hotels.
The year-long upgrade was based on in-depth analysis of hotel data across Hilton’s global portfolio from the last five years. With thousands of metrics, Hilton improved LightStay to assist hotels better manage energy and water usage in addition to drive improvement across hundreds of indicators over time.
This next generation of LightStay tracks historical energy and weather data to forecast future energy usage levels and predict the impact of performance on cost and annual consumption, taking into account variables such as occupancy and weather. The system cross-references the data hotels submit with predictable performance and sends automatic alerts to hotel teams when performance falls below predictable levels. Hilton designed LightStay to provide three-month forecasting of energy and water consumption at each property and identify any discrepancies in usage, enabling hotel operating teams, owners and administration groups to take corrective action to influence future performance. All of the hotel teams in the Hilton portfolio are required to track and complete improvement projects each year, enabling the full portfolio to benefit from over 4,800 energy efficiency projects.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under the Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, Double Tree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations brands.