Sunday, April 23, 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 Repo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 24, 2012
WD Reports Q2 Results, Progress In Thai Flood Recovery


Western Digital today reported revenue of $2.0 billion, hard-drive unit shipments of 28.5 million and net income of $145 million, or $0.61 per share, for its second fiscal quarter ended Dec. 30, 2011.

Excluding charges and expenses related to the Thailand flooding and the planned acquisition of Hitachi Global Storage Technologies (HGST), non-GAAP net income was $358 million, or $1.51 per share. During the quarter, the company incurred charges and expenses of $199 million related to the flooding and expenses of $14 million associated with the planned acquisition of HGST.

In the year-ago quarter, the company reported revenue of $2.5 billion, net income of $225 million, or $0.96 per share, and shipped 52.2 million hard drives.

The company generated $378 million in cash from operations during the December quarter, ending with total cash and cash equivalents of $3.9 billion.

The company also announced it has made significant additional progress to restore its manufacturing capacity following the recent flooding in Thailand. It has continued to ramp HDD production in Thailand and yesterday resumed slider production which had been suspended since October 10. The company now believes its manufacturing capacity will be back to pre-flood capabilities in the quarter ending September 2012.

"We have made substantial progress in restoring WD's manufacturing capabilities in the aftermath of the historic flooding in Thailand, and this is reflected in our second quarter financial results and in the resumption of our operations there," said John Coyne, president and chief executive officer. "While much work remains to be done over the next several quarters to reach our pre-flood manufacturing capabilities, the progress thus far is significantly ahead of our original expectations and is a tribute to the dedicated and effective actions of our employees, contractors and Thai government agencies, the efforts of our supply partners and the support of our customers. We are grateful to all involved in this extraordinary effort."

The company's plan to complete the acquisition of HGST is on track to close by March 2012. The company said that it continued to work on obtaining the regulatory approval of the transaction from the remaining government agencies.


Previous
Next
TI Sells More Chips, Closes 2 Factories        All News        Google+ To Allow Users To Use Pseudonyms
HP To Pay $425,000 Penalty for Failure to Immediately Report Laptop Batteries     PC Parts News      HP Introduced The HP Mini 1104

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
Toshiba Announces First MN Series HDDs
Western Digital Introduces First 512 Gigabit 64-Layer 3D NAND Chip
HGST Proved The Most Reliable Hard Disks According To Latest Backblaze Stats
Seagate On Track To Deliver 20TB Hard Drives By 2020
Western Digital Introduces WD Black PCIe Solid State Drives
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

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 .