Revenues still rising for Seagate

Seagate Technology has reported disc drive unit shipments of 39.2 million, revenue of $2.74 billion and net income of $541 million for the quarter ended June 29, 2007.

In the past year Seagate reported disc drive unit shipments of 159.2 million, revenue of $11.4 billion, net income of $913 million net income and diluted net income per share includes approximately $241 million of purchased intangibles amortization and other charges associated with the Maxtor and EVault acquisitions.

“Our results for the year as a whole, as well as for this quarter, demonstrate the continued strength of the digital storage industry. said Bill Watkins, Seagate chief executive officer. “Our market share is growing, our revenue and shipment numbers are unmatched in the industry.”