23 Per cent more turnover in Western Digital

Written by Heinrike Schroeder. Posted in News. 3 views

Western Digital has a turnover of $ 714 million in the first quarter of fiscal 2004, which ended on 26 September 2003. Overall, 11.3 million hard disks were delivered. The net profit was expelled with $ 5 million (0.02 $ per share).

The results achieved in the first quarter are attributed to the successful integration of the read head manufacturer read-rite and the operational measures. Excluding the impact of this acquisition, net income would be $ 53 million or $ 0.25 per share.

Revenues in the reporting period rose by 23 percent and the volume of production by 31 percent compared to the previous year. The market for desktop PC drives and active participation by Western Digital in new markets for disk technology was crucial for this. Sales in the consumer electronics market in the area of game consoles and digital video recorders worth 1.1 million units. In the first quarter of 2003, Western Digital made a turnover of $ 583 million at 8.6 million units sold, as well as a net profit of $ 22 million or $ 0.11 per share.

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