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SanDisk Reports Higher Sales, Lower Profits

4/22/2011 09:53:21 AM Eastern
Milipitas, Calif. - SanDisk reported higher revenue but lower net profits in its fiscal first quarter ended April 3.

First quarter revenue was $1.29 billion, an increase of 19 percent on a year-over-year basis. Net income was $224 million compared with net income of $235 million for the same period last year.

In a prepared statement said Sanjay Mehrotra, president/CEO, said, "Our embedded mobile business drove growth in the first quarter, and SanDisk executed well to deliver strong business results. We have been actively managing our supply chain following the recent events in Japan and believe we remain on track to deliver a strong 2011 for SanDisk."
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