Western Digital Send 50 Million Hard Drives in the Third Quarter

Western Digital reported revenue of US $ 2, 25 billion, sending the hard drive of 50 million units and net income of US$ 146 million, or US$ 0, 62 per stock, for the third fiscal quarter ended April 1, 2011.

The results of the company including the expenditure of $ 10 million related to the acquisition of Hitachi Global Storage Technologies announced on March 7, 2011. Without calculating the costs associated with acquisitions, non-GAAP net income amounted to USD156 million or USD0, 66 per share.

At the same quarter last year, WD announced revenues of $ 2, 64 billion, shipping 51 million units of hard drives, net income amounted to US$ 400 million, and earnings per stock amounted to US$ 1, 71.

WD generate USD313 million in cash from operations during the quarter March, bringing total cash and cash equivalents held to be US$ 3, 2 billion.

As we know, the hard drive industry in the first quarter of the year was influenced by two significant factors that delay in delivery of the CPU to the PC manufacturers and quake and tsunami in Japan.

While demand for hard drives this quarter with a fairly slow start, then demand will rise again when the CPU availability improves and fears of lack of availability of components due to the disaster in Japan receded.

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