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Seagate Technology Holdings plc (STX) CFO Gianluca Romano discussed the industry's improvement over the past 2 years, driven by the shift of data from on-prem to cloud during the COVID pandemic and subsequent reduction in cloud growth. Romano highlighted the key elements of the industry's improvement, including higher utilization and pricing recovery. He emphasized the importance of forward-looking statements and noted the risks associated with them on the company's website.

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