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Western Digital Announces Q1 Revenue of $4 Billion Western Digital Announces Q1 Revenue of $4 Billion
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Western Digital Announces Q1 Revenue of $4 Billion
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Old 23rd October 2012, 08:24   #1
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Default 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
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