Seagate’s shares jump after quarterly profit more than doubles

Seagate’s shares jump after quarterly profit more than doubles-01

Shares of Seagate Technology Holdings PLC, a major manufacturer of hard drives for business and cloud data centers, jumped more than 5% today after the company posted quarterly results that belied analyst expectations.

Over the last forty years, Seagate has exceeded $ 100 million in revenue within a few years of launching winnings to provide data storage software for IBM XT, one of the first personal computers.

Seagate has been a major supplier of hard drives since then, providing cloud operating systems, businesses, and the consumer market.


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