Advertisment

The Next 50#72 Seagate India

author-image
DQI Bureau
New Update

Seagate India, the storage solutions company, saw its revenues fall in the fiscal year 2014, after putting up a decent performance in 2013. The topline suffered globally, with an estimated decline of 9% for the India business. Dataquest ranks the company at #72 this time, two steps down from the last year.

Advertisment

Growing demands for storage solutions on the back of cloud and big data explosion couldn't do much for Seagate this year. Decline in units shipped and decrease in ASPs due to price erosion is said to have impacted revenues.

Despite the fall in revenues, the year marked some interesting developments globally. Seagate Technology announced that it is shipping the world's fastest hard drive-the Seagate Enterprise Turbo SSHD. Another major event was Seagate entering an agreement to acquire Xyratex.

The company announced two strategic appointments-Dave Mosley as President, Operations and technology, and Rocky Pimental as President, global markets and customers.

Seagate Technology also announced that it is working with Lenovo, to deliver YOGA 2, a multimode PC powered by the Seagate Laptop Ultrathin HDD.

Advertisment