|25-04-2009, 11:24 PM||#1|
Join Date: May 19 2008
[Techpowerup.com] (PR) Western Digital Announces Q3 Financial Results
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. Excluding these charges, non-GAAP net income was $68 million or $0.30 per share. 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.
The company generated $355 million in cash from operations during the March quarter, ending with total cash and cash equivalents of $1.6 billion.
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