WD Announced Fiscal Q3 Revenue of $2.6B

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This post is not related to the latest technology and gadgets, or blogging and SEO.
However, this is something some of you might be interested to know about what’s going on in the industry- particularly Western Digital Corp.

I received a press release that WD had reported recently its revenue of $2.6 billion, hard drive shipments of 51.1 million units, and net income of $400 million, or $1.71 per share, for its third fiscal quarter ended Apr. 2, 2010. The company generated $588 million in cash from operations during the third quarter, ending with total cash and cash equivalents of $2.8 billion.

John Coyne, president and chief executive officer, said:

“With market demand stronger than anticipated in the March quarter, our large-scale vertical integration, agile business model and product breadth allowed us to respond to this upside opportunity and again grow our share of the overall hard drive market.”

Coyne also believe that 2010 will continue to be a strong year for digital storage business. [More info here]

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