Tag Archives: restructuring

Western Digtial Corp announces its Fiscal 3rd Quarter Report. Western Digital Corp. today reported revenue of $1.6 billion, on shipments of approximately 31.6 million units and net income of $50 million, or $0.22 per share, for its fiscal third quarter ended Mar. 27, 2009. The company’s results include charges of $14 million for in-process research and development related to the SiliconSystems, Inc. acquisition and $4 million associated with the restructuring plan announced Dec. 17, 2008. The company generated $355 million in cash from operations during the March quarter, ending with total cash and cash equivalents of $1.6 billion. Excluding these charges, non-GAAP net income was $68 million or $0.30 per share.1 In the year-ago quarter, the company reported revenue of $2.1 billion, unit shipments of 34.5 million and net income of $280 million, or $1.23 per share. Coyne also noted that WD sustained its investments in technology and new products in the March quarter, with growing shipments of the industry’s first 2 terabyte hard drive and of several new products in its branded products portfolio. Western Digtial Corp announces its Fiscal 3rd Quarter Report is a post from: Daily World Buzz Continue reading →