JAKARTA – Western Digital Corp. (WD) reported earnings results for fiscal 2011 and fourth quarter ended July 1, 2011.
For this quarter recorded a revenue of $ 2 WD, 4 billion, net income of USD 158 million, or USD0, 67 per share, and shipping the hard drive as many as 54 million units.
Results quartal including the expenditure of $ 35 million related to the acquisition of Hitachi Global Storage Technologies (Hitachi GST) announced on March 7, 2011, and for litigation-related accruals. Without counting the costs associated with acquisitions, non-GAAP net income amounted to USD193 million, or USD0, 81 per sheet saham.1
WD generate USD447 million in cash from operations during the June quarter, bringing total cash and cash equivalents held to be $ 3, 5 billion.
For fiscal year 2011, WD posted a revenue of USD9.53 billion and net income of USD726 million, or $ 3, 09 per share, compared with fiscal 2010 revenues of USD9.85 billion and net income of $ 1, 38 billion, or $ 5, 93 per share.
“In quartal June, we were able to meet higher demand than expected, especially for our OEM customers,” said John Coyne, president and chief executive officer, told through official statement on Monday (08/01/2011).
“We believe that strong demand driven by increased use of sea transport in the second half of this year as the availability of supplies after the earthquake in Japan,” he added.