Jan 27 Seagate Technology Plc reported a
13 percent decline in quarterly profit as demand fell for its
hard-disk drives due to declining personal computer sales.
Net income fell to $428 million, or $1.24 per share in the
second quarter ended Dec. 27, from $492 million, or $1.30 per
share, a year earlier.
Revenue fell to $3.53 billion from $3.67 billion.
Seagate and rival Western Digital Corp are tapping
into the growing demand for products that help store data in the
cloud and reducing their dependence on personal computer hard
drives as consumers shift to smartphones and tablets.