Thursday, January 26, 2017

Western Digital Quarterly Revenues Rise To $4.9 Billion

Irvine-based storage products maker Western Digital announced its second fiscal quarter results on Wednesday afternoon, saying that it saw revenues of $4.9 billion for the quarter, up from $3.3 billion a year ago. The company said it had operating income of $545M and net income of $235M, including charges associated with recent acquisitions. The company said there was "healthy demand" for enterprise hard drives, its NAND-based products, and hard drives in client applications, and a favorable market environment for the company.

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