Hard-drive maker Seagate's revenue, profit beat estimates

(Reuters) - Hard-disk drive maker Seagate Technology Plc reported higher-than-expected profit and revenue, helped by strong demand for its cloud-based storage products. The hard-disk drive maker has been focusing on cloud-based products as businesses cut spending on traditional storage systems. Seagate also said earlier this month that it plans to shut its Suzhou factory in China.