Monday, April 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG X Power 2 Smartphone Packs A Huge Battery
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
SK Hynix Develops First 8Gb GDDR6
Call of Duty Game Returns to WWII
Twitch to Sell Video Games
Apple May Invest in Boeing Satellite Broadband Project
Chrome's Rumored Ad-blocker May Not Be Exactly an Ad-blocker
GM To Launch Electric Cars in China by 2020
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
Western Digital Unveils Portable My Passport SSD
Western Digital Adds 10TB Model To Purple Surveillance-class Hard Drives
Western Digital Releases New iNAND 7350 Storage Solution Built on 3D NAND
Western Digital Introduces First 512 Gigabit 64-Layer 3D NAND Chip
HGST Proved The Most Reliable Hard Disks According To Latest Backblaze Stats
Western Digital Renews Patent Cross-License Agreement with Samsung
Western Digital Introduces Enterprise-Class HDDs and SSDs, 14TB SMR HDDs On The Way
Western Digital Introduces The Entry-Level ActiveScale P100 Object Storage System
Western Digital Introduces WD Blue And WD Green SSDs
Western Digital Increases WD Gold Hard Drives Capacity
Western Digital My Passport Line Now In Capacities of Up To 4TB

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .