Seagate profit, revenue beat Street on PC, cloud demand

By Sai Sachin R and Anya George Tharakan (Reuters) - Hard-disk drive maker Seagate Technology Plc's quarterly profit and revenue beat the average analyst estimate as demand increased for its personal computer and cloud storage products. Seagate shares rose nearly 2 percent in morning trading. The company's storage shipments grew 23 percent to 60 million exabytes for the first quarter ended Oct. 3, Chief Executive Steve Luczo said on a post-earnings call with analysts. One exabyte equals one billion gigabytes. ...



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