Thursday, July 19, 2007

Seagate net rises on tax gain; revenue advances

(Reuters) - SAN FRANCISCO, July 19 - Seagate Technology , the largest U.S. maker of hard-disk drives for computers, posted a higher quarterly profit on Thursday, helped by a tax benefit and higher revenue.



Fiscal fourth-quarter net income rose to $541 million, or 96 cents per share, from $7 million, or 1 cent per share, a year earlier. Revenue rose 8.5 percent to $2.74 billion from $2.53 billion.


Read more at Reuters.com Market News

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