In a supplemental commentary on its year-end earnings, Seagate stated that its business was impacted by an isolated supplier quality issue that affected one high-demand, high-margin mission critical enterprise hard drive product.

"This one-time issue decreased enterprise sales by approximately 1.5 million hard drives in the June quarter, impacting revenue and profitability," Seagate stated. "The company believes it has fully resolved the issue and has resumed shipments of the product."

"As we announced previously, we were disappointed not to meet our revenue and margin plan for the fourth quarter as a result of the industry's faster recovery from the supply chain disruption and an isolated supplier issue that we experienced," Seagate CEO Steve Luczo said in a statement. "Nevertheless, we are pleased to have achieved record revenue and unit shipments for the June quarter...."

Lucas Mearian covers storage, disaster recovery and business continuity, financial services infrastructure and health care IT for Computerworld. Follow Lucas on Twitter at or subscribe to . His e-mail address is .

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