Technology News - Western Digital reported revenue of $ 2, 25 billion, sending the hard drive of 50 million units and net income of USD146 million, or USD0, 62 per share, for the third fiscal quarter ended April 1, 2011.
The results of the company including the expenditure of $ 10 million related to the acquisition of Hitachi Global Storage Technologies announced on March 7, 2011. Without calculating the costs associated with acquisitions, non-GAAP net income amounted to USD156 million or USD0, 66 per sheet saham.1
At the same quarter last year, WD announced revenues of $ 2, 64 billion, shipping 51 million units of hard drives, net income amounted to USD400 million, and earnings per share amounted to USD1, 71.
WD generate USD313 million in cash from operations during the quarter March, bringing total cash and cash equivalents held to be $ 3, 2 billion.
"Manufacture of hard drives in March this year the quarter was influenced by two significant developments which delays delivery to the manufacturer of your PC CPU and the tragic events in Japan," said John Coyne, president and chief executive officer of Western Digital, as quoted by official statement on Tuesday (26 / 4 / 2011).
"While demand for hard drives this quarter with a fairly slow start, then demand will rise again when the CPU availability improves and fears of lack of availability of components due to events in Japan receded," he added.
"In connection with our plans to acquire Hitachi GST, we are still in the process of waiting for approval from all regulatory agencies, while our integration plan is going well and we successfully obtained a syndicated loan financing associated with such dealings," he said.
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