(Reuters) - 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 to $2.74 billion from $2.53 billion.
Net income includes a tax benefit of $359 million for a favorable adjustment to the valuation allowance related to Seagate's deferred tax assets.
Read more at Reuters.com Market News
Net income includes a tax benefit of $359 million for a favorable adjustment to the valuation allowance related to Seagate's deferred tax assets.
Read more at Reuters.com Market News
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