Western Digital announced its third-quarter 2011 financial report today. As of September 30, 2011, Western Digital shipped 58 million hard drives within three months, an increase of 13.7% compared to 51 million in the same period last year. Western Digital had a revenue of $2.7 billion in the previous quarter, net profit of $239 million, and earnings per share of $1.01, compared with $2.4 billion, $197 million, and $0.84 respectively in the same period of last year, with increases of 12.5%, 21.3%, and 20.2%, respectively. Obviously, Western Digital will make more money.
The above data includes US$21 million in expenses for the acquisition of Hitachi Global Storage (HSGT) and legal services. Excluding these starts, the non-GAAP profit in the Western Digital quarter was $260 million, and the earnings per share was $1.10.
The Western Digital also captured $352 million in cash this season. It currently has cash and cash equivalents totaling $3.7 billion.
WD will also announce more about the impact of flooding in Thailand on its manufacturing plant in today’s financial conference call.
By the way, local hard drives have started to rise in price due to the impact of the flood in Thailand. How is your situation?
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Jingjiang Gisen Technology Co.,Ltd , https://www.gisentech.com