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Seagate Technology Plc (STX) Q3 2017 Results - Earnings Call Transcript

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Seagate Technology Plc (NASDAQ:STX) Q3 2017 Earnings Call April 26, 2017 9:00 AM ET


Kate Scolnick - Seagate Technology Plc

Stephen James Luczo - Seagate Technology Plc

David H. Morton, Jr. - Seagate Technology Plc

William David Mosley, Ph.D. - Seagate Technology Plc

Philip G. Brace - Seagate Technology Plc


Joe H. Wittine - Longbow Research LLC

Edward Parker - BTIG LLC

Rich J. Kugele - Needham & Co. LLC

Robert Cihra - Guggenheim Securities LLC


Good morning. And welcome to the Seagate Technology Fiscal Third Quarter 2017 Financial Results Conference Call. My name is Liz and I will be your coordinator for today. At this time, all participate are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. As a reminder, this conference is being recorded for replay purposes.

At this time, I would like to turn the call over it to Kate Scolnick, Senior Vice President, Investor Relations and Treasury. Please proceed, Kate.

Kate Scolnick - Seagate Technology Plc

Thank you. Good morning, everyone, and welcome to today's call. Joining me today from Seagate's executive team are Steve Luczo, Chairman and CEO; Dave Morton, Executive Vice President and CFO; Dave Mosley, President and COO; and Phil Brace, President of Cloud Systems and Silicon Group. We've posted our press release and detailed supplemental information for our March quarter of fiscal 2017 on our Investor Relations site at Seagate.com.

For the last few years, we have communicated our belief that data growths trends will continue to drive storage exabyte demand and the related measurement of capacity per drive and that units are less relevant to mobile cloud environments and future client addressable markets.

In today's newly deployed architectures and applications, high-capacity mass storage is critical. Importantly for Seagate, it is the advanced technology and heads

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