Lower Operating Expenses Helping Seagate’s Profitability Despite Stagnant Revenues?
- Thursday, January 9, 2020, 7:16
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Seagate’s total expenses have dropped from around $10 billion in 2017 to about $8.38 billion in 2019. As a percentage of revenue, expenses have declined significantly, going from around 92.8% in 2017 to 80.6% in 2019.Cost of sales is the biggest expense head for the company, with it being 70.5%…
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