Feeds

WD makes more profit than expected

Profits still way down on last year, though

Application security programs and practises

Number 2 disk manufacturer Western Digital saw revenues down 25 per cent year-on-year but still made a profit in its third fiscal 2009 quarter (Q3 fy09). This was 82 per cent less than a year ago, but still exceeded Wall Street expectations.

The company had revenues of $1.6bn in Q3 fy09 ($2.11bn in Q3 fy08) and net income of $50m ($0.22/share) compared with $280m ($1.26/share) a year ago. Net income was affected by $14m charges associated with the SiliconSystems acquisition and $4m of restructuring charges. The company shipped 31.6m disk drives, down 8 per cent y-on-y and 11 per cent sequentially. This compares to Seagate shipping 38.4m drives in its first calendar 2009 quarter, which was 10 per cent down y-o-y and 5 per cent down sequentially.

WD's president and CEO, John Coyne, said: "We managed our market segment participation, product mix and costs to optimize our returns in a challenging environment. We have taken a series of actions to resize and restructure the business to remain profitable and cash flow positive at a $1.5 billion quarterly revenue level and the effects of these actions are already showing up in our results."

He noted growing shipments of WD's 2TB hard drive and branded goods. Looking ahead, if WD can sustain quarterly revenues above $1.5bn it will continue to be profitable, which contrasts with Seagate hoping for a return to profitability in 2010. ®

Eight steps to building an HP BladeSystem

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*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.