Friday, September 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Globalfoundries Asks EU to Probe TSMC
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
Casio Announces Connected Watches For Men's G-SHOCK G-STEEL Line
AMD Said to Make AI Chip for Tesla
Mercedes to Invest $1 Billion in Alabama Electric Vehicle Factory
Your Next Smartphone's GPS Will be Extremely Accurate
Imagination Announces New PowerVR Series9XE and 9XM PowerVR GPUs, PowerVR 2NX NNA Hardware Neural Network Accelerator
Bose QC35 II Headphones are Optimized for the Google Assistant
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 Ships 12TB WD Gold Hard Drives
Western Digital Could Quit Bid for Toshiba Chip Unit, for Better JV Terms
Western Digital Releases 400GB microSD Card
New Western Digital My Cloud Home Makes It Easy To Save All Content In One Place
Western Digital to Acquire Tegile System
Toshiba Reaches Agreement With Western Digital Group: report
Toshiba Puts Weight in Talks With Western Digital on Chips Business Sale
Toshiba Launches 8TB X300 Desktop HDD, Western Digital Introduces New 20TB My Book Duo System
Western Digital Announces Four-bits-per-cell Technology On 3D NAND
Toshiba in Talks with Western Digital, Foxconn Over Memory Unit Sale
Western Digital Responds to Toshiba's Actions
Western Digital Announces First 96-Layer 3D NAND Technology

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 .