Hardware: Western Digital Reports Financial Results for the Q3 of Fiscal 2003
Posted by Adek on Friday, April 25 @ 16:30:49 CEST
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Western Digital today reported its financial results for the third quarter of its fiscal 2003. Despite of the weak market, the company not only returned to profitability, but also increased its sales and unit shipments.
For the described period revenue achieved $706 million on unit shipments of approximately 10.3 million. Net income for WD's third fiscal quarter ended March 28, 2003 was $54.5 million, or $.26 per share. These results represent year-over-year revenue growth of 19% and net income growth of 184% on a 27% increase in unit shipments. A year ago in the March 2002 quarter, Western Digital produced revenue of $595 million, shipped 8.1 million units and earned $19.2 million, or $.10 per share. The year-ago results included tax benefits and investment gains totaling $4.0 million.
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Hardware
