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Seagate says business environment ‘tough’
The Fly

Seagate says business environment ‘tough’

Says seeing some signs of market improvement. Says expects conditions to gradually improve over next several quarters. Expects stronger revenue, profitability in 2H23. Expects CapEx to trend lower in 2H23. Says cash flow sufficient to support dividend. Comments taken from Q2 earnings conference call.

Published first on TheFly

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