Seagate changes quarterly reporting structure to better appeal to investors

The same information can be presented in different ways, depending on the goals being pursued. As hard drive manufacturers began to be squeezed by competitors relying on solid-state memory, and demand for client devices began to decline, market participants began to come up with new forms of financial reporting that would show these inevitable trends in a more favorable light. Seagate Technology, for example, has stopped publishing exact data on the number of hard drives shipped per quarter, and this value now has to be calculated based on the total volume of all shipped drives and the average specific capacity.

At Seagate's quarterly earnings event стало известноthat these reforms will not be the last. Starting this quarter, the company will report revenue and total volume of hard drives shipped in two consolidated categories: “high-capacity products” and “products for traditional markets.” The first category will include drives for network storage, systems for working with video and photos, and first-line data storage. Last quarter, this product category accounted for 47% of Seagate's total revenue, up from 35% two years earlier. This area of ​​Seagate's business is growing in monetary terms, and the company simply must demonstrate this trend to investors. By 2025, according to company forecasts, the capacity of the core market segment will double in monetary terms.

Products for traditional markets will include hard disk drives used in all other segments. Of course, this will include external hard drives, drives for consumer electronics, laptops and desktop computers, and game consoles. Although this product category does not show positive dynamics in terms of revenue, in the last quarter it accounted for 46% of its total volume.

Another 7% of Seagate's total revenue last quarter came from non-hard drive product types. In particular, solid-state drives fall into this third conditional category. Priority is given to server SSDs, but they act as a kind of addition to hard drives, so Seagate is not yet making big bets on solid-state solutions.

Source: 3dnews.ru