WD Announces Q2 Revenue of $1.4 Billion and Net Income of $.57 per Share

(Auszug aus der Pressemitteilung)

LAKE FOREST, Calif. – Jan. 25, 2007 – Western Digital Corp. (NYSE: WDC) today reported revenue of $1.4 billion on shipments of approximately 24.5 million units, and net income of $128 million, or $.57 per share, for its second fiscal quarter ended Dec. 29, 2006. These results represented strong year-over-year performance, including 28 percent growth in revenue, 35 percent unit growth and 23 percent growth in net income. In the year-ago quarter, the company reported revenue of $1.1 billion, unit shipments of 18.1 million and net income of $104 million, or $.47 per share.


Forty-two percent of Q2 revenue was derived from newer market sources, while 58 percent came from hard drives configured into desktop PCs. This compares with a mix in the year-ago quarter of 26 percent newer markets versus 74 percent desktop PC revenue. The company’s newer market revenue includes hard drives for notebook PCs, consumer electronics, enterprise applications, and WD branded products/retail sales.

The company shipped 2.7 million 2.5-inch mobile drives and 2.7 million 3.5-inch units for the PVR/DVR market, compared with 1.4 million and 1.5 million, respectively, a year ago. The branded products/retail performance was another strong factor in the diversification of the business, accounting for approximately $238 million, or 17 percent of quarterly revenue. The success of WD branded products is being driven by strong global acceptance of the 3.5-inch My Book™ and 2.5-inch WD Passport® Portable external storage appliances, both noted for their simple and intuitive design. In the year-ago quarter, the company’s branded products/retail business totaled approximately $56 million, or 5 percent of revenue.

From a balance sheet perspective, the company generated $184 million in cash from operations during the December quarter, ending with total cash and short-term investments of $830 million.

„The second quarter results are linked directly to the significant investments in technology and global infrastructure that WD has made over the last several years, both in traditional computing markets and in the newer consumer electronics markets for hard drives,“ said John Coyne, president and chief executive officer. „We continue to reinvest the strong cash flows from our ongoing business into current and future opportunities for data storage. Combined with our focus on customers, quality, reliability and execution, we believe this approach will enable us to continue delivering steady and outstanding financial performance.“