WD Revenue Rises To $2.4B

Publish date:
Updated on

Lake Forest, 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.

Hard-drive unit 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."


Related Articles