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WD Announces Q1 Revenue of $2.7 Billion and Net Income of $239 Million

Discussion in 'News' started by btarunr, Oct 20, 2011.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    Western Digital Corp. (NYSE: WDC) today reported revenue of $2.7 billion, hard-drive unit shipments of 58 million and net income of $239 million, or $1.01 per share, for its first fiscal quarter ended Sept. 30, 2011. The company's results include expenses of $21 million associated with the planned acquisition of Hitachi Global Storage Technologies (Hitachi GST) announced Mar. 7, 2011 and unrelated litigation accruals. Excluding these expenses, non-GAAP net income was $260 million or $1.10 per share.

    In the year-ago quarter, the company reported revenue of $2.4 billion, net income of $197 million, or $0.84 per share, and shipped 51 million hard drives. The company generated $352 million in cash from operations during the September quarter, ending with total cash and cash equivalents of $3.7 billion. For more information, refer to First Quarter Fiscal 2012 Investor Information Summary.
     
  2. Melvis

    Melvis

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    As long as they keep making good HDD's ill keep buying them.

    Ill be getting my third 1TB WD black very soon.
     
  3. jmcslob

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    +1 ^ to that
     
  4. Sasqui

    Sasqui

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    ^ ++1 I have 3 640GB Blacks, and 4 500GB Blacks. Don't ask why... but anyway, I didn't contribute to those great earnings, I purchased them all back in 2008 and 2009 :laugh:
     
  5. Fx

    Fx

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    nice. glad to see them cleaning up. I dont want them to get lazy though
     

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