Western Digital Quarterly Earnings $146 Million Secures Global Leaders

Western Digital released its third-quarter financial report as of April 1st today, with revenue of US$2.25 billion, net profit of US$146 million, and earnings per share of US$0.62. The company shipped a total of 50 million hard drives in the quarter. In contrast, just two days ago, the financial report was announced, and announced the acquisition of Samsung's hard disk business Seagate shipments of 49 million. Therefore, Western Digital is still the world's largest hard disk drive business.

In the same period of last year, Western Digital’s revenue was US$2.64 billion, net profit was US$400 million, earnings per share was US$1.71, and HDD shipped 51 million pieces. Western Digital said that on March 7 this year, the company announced the acquisition of Hitachi's hard drive business, which listed $10 million in expenditure for this purpose. If you eliminate this expense, the company's non-GAAP net profit is $156 million, and earnings per share is $0.66.

Western Digital attributed the decline in performance to weak demand from PC makers. "The hard disk industry in the quarter was severely affected by delays in the supply of CPUs from Intel (Intel) CPUs and the earthquake in Japan."

Western Digital said that the current acquisition of Hitachi's hard disk business is awaiting regulatory approval.