Western Digital Announces Q1 Revenue of $4 Billion

Stefan Mileschin · 23rd October 2012, 07:24

Western Digital Corp. today reported revenue of $4.0 billion, hard-drive shipments of 62.5 million and net income of $519 million, or $2.06 per share for its first fiscal quarter ended Sept. 28, 2012. On a non-GAAP basis, net income was $594 million or $2.36 per share. In the year-ago quarter, the company reported revenue of $2.7 billion, net income of $239 million, or $1.01 per share, and shipped 57.8 million hard drives. Non-GAAP net income in the year-ago quarter was $260 million, or $1.10 per share.

The company generated $936 million in cash from operations during the September quarter, ending with total cash and cash equivalents of $3.5 billion. During the quarter, the company utilized $218 million to buy back 5.2 million shares of common stock. On Sept.13, the company declared a $0.25 per common share dividend, which was paid Oct. 15.

http://www.techpowerup.com/174206/Western-Digital-Announces-Q1-Revenue-of-$4-Billion.html

23rd October 2012, 07:24	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Western Digital Announces Q1 Revenue of $4 Billion Western Digital Corp. today reported revenue of $4.0 billion, hard-drive shipments of 62.5 million and net income of $519 million, or $2.06 per share for its first fiscal quarter ended Sept. 28, 2012. On a non-GAAP basis, net income was $594 million or $2.36 per share. In the year-ago quarter, the company reported revenue of $2.7 billion, net income of $239 million, or $1.01 per share, and shipped 57.8 million hard drives. Non-GAAP net income in the year-ago quarter was $260 million, or $1.10 per share. The company generated $936 million in cash from operations during the September quarter, ending with total cash and cash equivalents of $3.5 billion. During the quarter, the company utilized $218 million to buy back 5.2 million shares of common stock. On Sept.13, the company declared a $0.25 per common share dividend, which was paid Oct. 15. http://www.techpowerup.com/174206/Western-Digital-Announces-Q1-Revenue-of-$4-Billion.html

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Western Digital Announces Record Financial Results	Stefan Mileschin	WebNews	0	26th July 2012 08:45
Google hits $12.21 billion in revenue for Q2 2012	Stefan Mileschin	WebNews	0	20th July 2012 06:59
Intel Reports Second-Quarter Revenue of $13.5 Billion	Stefan Mileschin	WebNews	0	18th July 2012 08:18
AMD reports $1.69 billion in revenue for Q3, net income of $97 million	Stefan Mileschin	WebNews	0	28th October 2011 06:51
Western Digital to Purchase Hitachi GST for $4.3 billion	jmke	WebNews	0	8th March 2011 08:54
Intel revenue tops $11 billion for the first time	jmke	WebNews	0	13th October 2010 13:05
Microsoft’s Annual Revenue Reaches $60 Billion	jmke	WebNews	0	18th July 2008 14:50
Western Digital Announces New Eco-Friendly Hard Drives	jmke	WebNews	0	24th July 2007 08:49
Western Digital announces 750GB hard drives	jmke	WebNews	0	17th July 2007 15:44
Intel Fourth-Quarter Revenue $10.2 Billion	Sidney	WebNews	1	18th January 2006 18:29