Wednesday, August 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nero 2015 is Coming At IFA
LaCie Ships the 48 TB Thunderbolt 2 Storage Solution
ALCATEL ONETOUCH Launches New Affordable Smartphones
ZOTAC Debuts the ZBOX PI320 pico
Dropbox Now Offers 1TB Pro plan for 10 Dollars
HTC Reveals Entry-level Desire 510 Powered By a 64-bit Processor
Archos To Showcase Windows And Android Devices At IFA
Larger iPad Coming Next Year
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > PC Parts > WD's Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 24, 2013
WD's Revenue Decreased Amid Weak Hard Drives Sales


Western Digital Corp. reported lower revenue significantly as a result of drop in hard disk drive shipments and flat average selling price.

The company reported revenue of $3.8 billion, hard-drive shipments of 59.2 million and net income of $335 million, or $1.36 per share for its second fiscal quarter ended Dec. 28, 2012.

On a non-GAAP basis, net income was $513 million or $2.09 per share.1 In the year-ago quarter, the company reported revenue of $2.0 billion, net income of $145 million, or $0.61 per share, and shipped 28.5 million hard drives. Non-GAAP net income in the year-ago quarter was $358 million, or $1.51 per share.2

The company generated $772 million in cash from operations during the December quarter, ending with total cash and cash equivalents of $3.8 billion. During the quarter, the company utilized $146 million to buy back 4.2 million shares of common stock. On Dec. 3, the company declared a $0.25 per common share dividend, which was paid on Dec. 26.

"We are pleased with our December quarter results, reflecting outstanding execution and value creation by our HGST and WD teams," said Steve Milligan, president and chief executive officer. "In an environment marked by continued macro economic uncertainty, soft PC demand and inventory rebalancing by our customers, we continue to manage our business by focusing on those variables that we control, allowing us to generate better than expected revenue and profitability and strong cash generation."

WD also announced its solid-state hybrid drives, storage devices that combine NAND flash memory and high-capacity rotating media, will become available in new notebook PCs in 2014.


Previous
Next
VIA Launches VIA ARMTiGO A800        All News        Nokia Reports Profit As Lumia Smartphone Sales Improve
VIA Launches VIA ARMTiGO A800     PC Parts News      LG Launches New 15.6" Ultrabook With ODD

Get RSS feed Easy Print E-Mail this Message

Related News
WD Releases Anniversary Edition My Passport Drives
Western Digital Introduces 6 TB NAS Hard Drive, Seagate Starts Sampling 8GB Models
HGST Ships 1.8 TB 10K Hard Disk Drive
WD Introduces New My Book Duo DAS
WD Demonstrates First PCI Express Hard Drives at Computex 2014
WD TV Media Player Simplifies Content Playback On Any TV
Western Digital Introduces Thunderbolt-Powered Dual-Drive For Macs
WD Simplifes TV Recording and Playback with 1 TB My Passport AV-TV Hard Drives
WD Introduces 2-Bay Personal Cloud Storage
HGST Debuts Touro S Mobile External Hard Drives, 15K RPM Enterprise-class Ultrastar C15K600 family
Seagate, WD Announce Latest Surveillence HDDs
WD Simplifies Hybrid Cloud Backup With Latest Arkeia Software

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .