Saturday, December 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. Confirms Samsung and LG Dumped Washers
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched
Hon Hai, Sharp To Build Massive LCD TV Plant In China
U.S. To Review Cyber Attacks Beyond 2016 Election
Samsung To Brick Remaining Note7 Device Through Software Update
Samsung SDI to Supply Batteries To Lucid Motors
Samsung To Design And Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
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 Beat...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 26, 2012
WD Beats Seagate This Quarter


Western Digital has maintained its leading position for the quarter ended June 2012, in terms of HDD shipments and revenue.

WD reported revenue of $12.5 billion and net income of $1.6 billion, or $6.58 per share for fiscal year 2012, compared to fiscal 2011 revenue of $9.5 billion and net income of $726 million, or $3.09 per share.

On a non-GAAP basis, fiscal 2012 net income was $2.1 billion or $8.61 per share, compared to fiscal 2011 net income of $770 million or $3.28 per share. Both the GAAP and non-GAAP fiscal 2012 results include results from the company's newly acquired HGST subsidiary from the acquisition date of March 8 through the end of fiscal 2012.

For its fourth fiscal quarter ended June 29, 2012, the company reported revenue of $4.8 billion, hard-drive shipments of 71.0 million and net income of $745 million, or $2.87 per share.

Rival Seagate reported revenue of $4.5 billion and hard-drive shipments of 66.0 million units.

"Fiscal 2012 was one of the most challenging and exciting years in our 42-year history," said John Coyne, CEO. "While responding to two major natural disasters and completing the largest acquisition in the history of the industry, we achieved year-over-year revenue growth of 31% and more than doubled earnings per share.

"In the June quarter, demand was in line with our forecast as industry shipments reached 157 million units, bringing total HDD shipments for the year to 599 million units. Our WD and HGST subsidiaries both performed ahead of plan in Q4, delivering great products with consistent execution, resulting in strong revenue growth, gross margin and cash flows."

Following the Thai flood, WD had lost its #1 ranking for a while, as last quarter Seagate recorded 47% more revenues and 37% more HDDs shipped than its competitor.

Now the company is well positioned to keep this first place for several quarters. Seagate was dominating this business for several years but is no more the leader of the disk drive industry.


Previous
Next
New Service Outage Hit Twitter        All News        Nokia Scraps Meltemi Software: report
Fujitsu To Stop ManuFacturing Chips     PC Parts News      Apple Leads in Global Chip Spending

Get RSS feed Easy Print E-Mail this Message

Related News
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
Western Digital Launches My Passport Wireless Pro Hard Drive
Hitachi Hard Drives Remain The Most Reliable, Report Found
China Approves Sandisk Acquisition By Western Digital
Western Digital Debuts WD Gold Hard Drives For Data Centers
HGST Delivers Flexible Object Storage System
Western Digital Joins iRODS Consortium

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .