The manufacturer of data storage systems Seagate Technology increased in the first financial quarter the net profit to 1.76 billion dollars compared to 549 million dollars in the previous year, writes the Wall Street Journal. The company's revenues rose to $4.23 billion from $2.63 billion, in line with analysts' expectations. The increase in indicators is due to high demand for components against the background of the development of an artificial intelligence infrastructure. The company also raised its quarterly dividend by 2.7% to 76 cents per share.