With the same bullet point count, improve my summary: 
Revenue of $1.6B (-39.2% Y/Y). Net loss of $92 million for fiscal 4th quarter 2023. Last FQ4 the net income was $276 million.
NAME_1 margin decreased from 29.7% Financial year 2022 to 18.3% financial year 2023. Operating margin from 16.8% to -4.6%, respectively.
CEO: “Our fourth quarter and fiscal 2023 performance reflected the uneven pace of economic recovery in China, cloud inventory digestion, and cautious enterprise spending amid the uncertain macroeconomic environment. The proactive actions we’ve taken to lower costs, manage production output, reduce debt and drive operational leverage have underpinned resilient performance and solid cash generation, while continuing to advance our revolutionary HAMR technology,”
In light of the macroeconomic environment, the Company paused stock repurchases for the reminder of the fiscal year. 
CEO: We reduced production output by approximately 25% compared with peak volume 
Since the strict COVID protocols were eased last December, the pace of economic recovery in China has been uneven. For now, we are forecasting sales into China to remain relatively stable for the balance of the calendar year. We are encouraged to see Chinese authorities begin to inject more stimulus to reaccelerate economic growth. Based on customer input, economic improvement is expected to catalyze e-commerce, drive cloud-related ad revenue and spur new smart city projects.
Outside of China, nearline demand from enterprise OEM customers has remained soft.
On mass capacity drives, generally speaking, we do the price increases through transitions of products. So we’ll say this is the changing economics. We need to make sure that we get paid for that.
It’s a weak demand environment. But I think also there’s, generally speaking, the whole industry is underwater. So I mean, we have to make sure we protect ourselves, we protect the supply base as we talked about earlier Respond with more than 400 words.
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