Seagate Technology plc announced that the company's Board has approved a quarterly cash dividend of $0.63 per share, which will be payable on February 23, 2016 to shareholders of record as of the close of business on February 9, 2016.

The company reported unaudited consolidated earnings results for the second quarter and six months ended January 1, 2016. The company reported revenue of $2,986 million, income from operations of $229 million, income before income taxes of $180 million, net income of $165 million or $0.55 per diluted share against revenue of $3,696 million, income from operations of $1,053 million, income before income taxes of $1,126 million, net income of $933 million or $2.78 per diluted share a year ago. Non-GAAP net income was $246 million or $0.82 per diluted share. During the second quarter, the Company generated approximately $382 million in operating cash flow.

For the six months, the company reported revenue of $5,911 million, income from operations of $315 million, income before income taxes of $211 million, net income of $198 million or $0.65 per diluted share against revenue of $7,481 million, income from operations of $1,509 million, income before income taxes of $1,517 million, net income of $1,314 million or $3.91 per diluted share a year ago. Net cash provided by operating activities was $1,206 million against $2,045 million a year ago. Acquisition of property, equipment and leasehold improvements was $346 million against $387 million a year ago. Non-GAAP net income was $410 million or $1.35 per diluted share.