Feeds

Western Digital profit rises on tax benefit

Revenue up 26 per cent

7 Elements of Radically Simple OS Migration

Western Digital (WD), the world's second largest hard-disk drive maker, said fourth quarter profit has nearly doubled due to a tax gain and strong sales growth.

It reported a significant jump of $113m with Q4 net income of $233m, which represented $1.03 a share. For the same period a year ago the firm saw net income of $120m, or 53 cents a share.

WD's reported profit included a $147m income tax benefit.

Revenue also rose, said to be up 26 per cent to $1.4bn on shipments of 24.9 million units.

WD, which has been pushing to become vertically integrated like its rivals Seagate and Hitachi GST, agreed to acquire media supplier Komag in a $1bn deal in June this year.

The full press release is here. ®

Best practices for enterprise data

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
VMware builds product executables on 50 Mac Minis
And goes to the Genius Bar for support
Multipath TCP speeds up the internet so much that security breaks
Black Hat research says proposed protocol will bork network probes, flummox firewalls
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Microsoft's Euro cloud darkens: US FEDS can dig into foreign servers
They're not emails, they're business records, says court
Microsoft says 'weird things' can happen during Windows Server 2003 migrations
Fix coming for bug that makes Kerberos croak when you run two domain controllers
Cisco says network virtualisation won't pay off everywhere
Another sign of strain in the Borg/VMware relationship?
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?