Calif. - Western Digital reported revenue of $2.4 billion for its fiscal first
quarter, ended Oct. 1.
This compares with
revenue of $2.2 billion in the prior-year period.
Net income was
$197 million, compared to $288 million in the prior-year period.
shipments were 50.7 million, up from 44.1 million during the year-ago quarter.
"In a quarter
characterized by aggressive industry pricing, we remained solidly profitable,
grew revenues and unit shipments year over year, and generated $390 million in
cash from operations," president/CEO John Coyne said in a statement. "Our
low-cost business model and strong balance sheet enable us to weather the
seasonality and cycles of the hard drive industry such as we experienced during
the last two quarters."
Lake Forest, Calif. - Western Digital reported revenue of $2.4 billion for its fiscal first quarter, ended Oct. 1.