Western Digital Announces Q1 Revenue of US$2.4 Billion

Western Digital has reported a revenue of US$2.4 billion, hard-drive unit shipments of 50.7 million and net income of US$197 million, or US$0.84 per share for its first fiscal quarter ended Oct. 1, 2010. In the year-ago quarter, the company reported revenue of US$2.2 billion, shipped 44.1 million hard drives, and reported net income and earnings per share of US$288 million and US$1.25, respectively.
Please refer to the Press Release attached for further information on this announcement.
WD ANNOUNCES Q1 REVENUE OF US$2.4 BILLION ANDNET INCOME OF US$197 MILLION, OR US$0.84 PER SHARE
Revenue Up 9 Percent, Hard Drive Shipments Up 15 Percent, From Year-ago Quarter,US$390 Million Cash Generated from Operations
Kuala Lumpur – 28 October 2010 — Western Digital Corp. (NYSE: WDC) today reported revenueof US$2.4 billion, hard-drive unit shipments of 50.7 million and net income of US$197 million, orUS$0.84 per share for its first fiscal quarter ended Oct. 1, 2010. In the year-ago quarter, the companyreported revenue of US$2.2 billion, shipped 44.1 million hard drives, and reported net income andearnings per share of US$288 million and US$1.25, respectively.
“In a quarter characterized by aggressive industry pricing, we remained solidly profitable, grewrevenues and unit shipments year-over-year, and generated US$390 million in cash from operations,”said John Coyne, president and chief executive officer. “Our low-cost business model and strongbalance sheet enable us to weather the seasonality and cycles of the hard drive industry such as weexperienced during the last two quarters.
“We will continue to focus on quality, reliability, availability and profitable growth to maintain ourindustry leadership,” said Coyne. “We remain excited about the significant opportunities being createdby the unabated growth in digital content in the home and workplace.”
