Computer hard disk drive manufacturer Western Digital has reported revenue of $3bn for the third fiscal quarter ended 30 March 2012, an increase of 30.4% compared with $2.3bn in the same quarter previous fiscal.
Net income was $483m, or $1.96 per share in the third quarter, up 230% compared to net income of $146m, or $0.62 per share in the corresponding quarter prior fiscal.
The company has posted net income of $619m, or $2.52 per share on a non-GAAP basis in the quarter, while non-GAAP net income in the year-ago quarter was $156m, or $0.66 per share.
Western Digital shipped 44.2 million hard-drive units in the third fiscal quarter ended 30 March 2012, a decline of 11% when compared to 49.8 million hard drives shipped in the same quarter previous fiscal.
Western Digital chief executive officer John Coyne said the third quarter performance demonstrates the potential of the new Western Digital, with just three and a half weeks of HGST results combined with the standalone WD business.
"Competing in the marketplace with our separate WD and HGST subsidiaries, we now have the product portfolio, technology resources and the people to fully serve the needs of a significantly expanded customer base and to better address the tremendous growth opportunities in the storage industry in the years ahead," Coyne said.
"I am also pleased to announce today that the recovery activities related to both WD operations and those of our supply chain partners impacted by the Thailand floods have reached a point where we now have the capability to adequately meet anticipated customer demand in the current quarter and beyond."
