techPowerUp!: (PR) Western Digital Announces Fiscal Third Quarter Financial Results

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(PR) Western Digital Announces Fiscal Third Quarter Financial Results Apr 26th 2012, 20:25 Western Digital Corp. today reported revenue of $3.0 billion, hard-drive unit shipments of 44.2 million and net income of $483 million, or $1.96 per share, on a GAAP basis for its third fiscal quarter ended March 30, 2012. On a non-GAAP basis, net income was $619 million, or $2.52 per share. Both the GAAP and non-GAAP results include the results of the company's newly acquired HGST subsidiary from the acquisition date of March 8 through the end of March. In the year-ago quarter, the company reported revenue of $2.3 billion, net income of $146 million, or $0.62 per share, and shipped 49.8 million hard drives. Non-GAAP net income in the year-ago quarter was $156 million, or $0.66 per share. The company generated $1.2 billion in cash from operations during the March quarter, ending with total cash and cash equivalents of $3.4 billion.

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