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
"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."
