View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
July 22, 2010

Western Digital Q4 revenue up 21% to $2.3bn

Operating income grew 40% to $293m in Q4 2010

By CBR Staff Writer

Western Digital (WD) has reported net revenue of $2.38bn for the fourth quarter of fiscal 2010, an increase of 21% compared to $1.92bn for the same period a year ago.

The company posted an operating income of $293m for the fourth quarter of 2010, an increase of 40% compared to $209m for the same quarter last year. For the fourth quarter ended July 2, 2010, the company posted a net income of $265m.

For fiscal year 2010, the company reported net revenue of $9.85bn, an increase of 32% compared to net revenue of $7.45bn in 2009. Operating income increased to $1.5bn from $519m in 2009.

Net income in 2010 was $1.3bn, or $5.93 per dilute share, compared to a net income of $470m, or $2.08 per dilute share in 2009.

John Coyne, president and CEO of Western Digital, said: "Despite softer than anticipated June quarter demand, fiscal year 2010 was another year of significant growth and profitability for Western Digital.

"The long-term demand for low-cost, high-volume storage driven by the proliferation of data and content-hungry consumer and commercial devices remains strong.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"With our focus on customer needs, quality, low cost, and high asset efficiency in the highest growth markets, we believe WD is well positioned to continue to generate growth on a sustained and profitable basis."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU