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Western Digital Announces Q1 Revenue of US$2.4 Billion

WD 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.

Press Release

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.”

Admin 28 October 2010 Corp , No Comments

Seagate Technology Reports Fiscal First Quarter 2011, Revenue of US$2.7 billion, Net Income of US$149 million

Seagate Technology Reports Fiscal First Quarter 2011 Financial Results

MALAYSIA, October 21, 2010 – Seagate Technology plc today reported financial results for the quarter ended October 1, 2010. The company shipped 49.2 million disk drives and on a GAAP basis reported revenue of US$2.7 billion, gross margin of 20.4%, net income of US$149 million and diluted earnings per share of US$0.31. On a non-GAAP basis, which excludes the impact of purchased intangibles amortization, restructuring and costs related to the redemption of the Maxtor convertible notes, Seagate reported net income of US$180 million and diluted earnings per share of US$0.37.

Investor Communications

Due to regulatory requirements the company will not at this time be providing any additional information concerning the preliminary indication of interest regarding a going private transaction that was disclosed on October 14, 2010, and the company will not provide, discuss or answer questions regarding the outlook for the December quarter or any future fiscal periods. Further, in view of these regulatory requirements, the company will not be hosting individual meetings with investors or analysts (either in person or via conference call) until further notice.

Seagate has issued a Supplemental Commentary document. The Supplemental Commentary will be available in the investor relations section of seagate.com.

Admin 24 October 2010 Corp , No Comments

Western Digital Q4 Financial Result : US$2.4 Billion Revenue US$265 Million Net Income

wd Western Digital Q4 Financial Result : US$2.4 Billion Revenue US$265 Million Net Income

Western Digital has reported a revenue of US$2.4 billion, hard drive unit shipments were 49.7 million and net income was US$265 million, or US$1.13 per share for its fourth quarter of 2010 that ended 2nd July 2010. The company generated US$363 million in cash from operations during the June quarter, ending with total cash and cash equivalents of US$2.7 billion.

Please refer to the Press Release for further information on this announcement.

WD ANNOUNCES Q4 REVENUE OF US$2.4 BILLION AND NET INCOME OF US$265 MILLION, OR US$1.13 PER SHARE

Full-Year Revenue Totals US$9.8 Billion, Up 32 Percent, Net Income of US$5.93 Per Share, Up 185 Percent

Kuala Lumpur – 26 July 2010 — Western Digital Corp. (NYSE: WDC) today reported financial results for its fiscal year 2010 and fourth quarter ended July 2, 2010. For the quarter, revenue totaled US$2.4 billion, hard drive unit shipments were 49.7 million and net income was US$265 million, or US$1.13 per share. The quarterly results included US$27 million of expense related to litigation settlements. In the year-ago quarter, the company posted revenue of US$1.9 billion, shipped 40.0 million hard drives, and reported net income and earnings per share of US$196 million and US$0.86, respectively. This included US$5 million of income from the resolution of restructuring accruals and an US$18 million gain on the sale of the company’s substrate manufacturing facility in Sarawak, Malaysia.

The company generated US$363 million in cash from operations during the June quarter, ending with total cash and cash equivalents of US$2.7 billion. As previously announced, the company completed the acquisition of the magnetic media sputtering operations of Hoya Corporation during the June quarter for US$233 million in cash.

For fiscal year 2010, the company posted revenue of US$9.8 billion and net income of US$1.4 billion, or US$5.93 per share, compared to revenue of US$7.5 billion and net income of US$470 million, or US$2.08 per share, for the prior year. The 2010 net income included the US$27 million of expense in the fiscal fourth quarter related to litigation settlements. The 2009 net income included a US$14 million in-process research and development charge related to the acquisition of SiliconSystems, Inc., US$112 million of restructuring charges with related tax benefits of US$4 million, and an US$18 million gain on the sale of the company’s substrate manufacturing facility.

In fiscal year 2010, WD grew revenue 32 percent and increased its operating income by 194 percent year-on-year.

“Despite softer than anticipated June quarter demand, fiscal year 2010 was another year of significant growth and profitability for Western Digital,” said John Coyne, President and Chief Executive Officer. “The long-term demand for low-cost, high-volume storage driven by the proliferation of data and content-hungry consumer and commercial devices remains strong. With our focus on customer needs, quality, low cost, and high asset efficiency in the highest growth markets, we believe WD is well positioned to continue to generate growth on a sustained and profitable basis.”

Admin 26 July 2010 Corp No Comments

Microsoft Q4 Financial Result, $16.04 Billion Revenue, $4.52 Billion Net Income

Microsoft Q4 Financial Result, $16.04 Billion Revenue, $4.52 Billion Net Income

Microsoft had just announced their impressive Q4 financial result with $16.04 billion in revenue and $4.52 billion in net income. Apple Q3 financial result is mind blowing , but Microsoft is still holding the crown as the most profitable tech company, at least for this quarter. Microsoft revenue and net income is still $300 millions and $1.2 billions higher each than what Apple had. Apple is catching in term of revenue, but Microsoft could still do better as well. Interesting rivalry indeed. More of that on the press release below.

Press Release

Microsoft Reports Record Fourth-Quarter Results

Redmond, Wash. – July 22, 2010 – Microsoft Corp. today announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period. “This quarter’s record revenue reflects the breadth of our offerings and our continued product momentum,” said Peter Klein, chief financial officer. “The revenue growth, combined with our ongoing cost discipline, helped us achieve another quarter of margin expansion.” Product momentum continued during the quarter with the successful launch of Office 2010 and strong performance from existing products including Windows 7, which has sold more than 175 million licenses to date, Windows Server, Xbox, and Bing, which achieved its 13th consecutive month of share gain. “We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010,” said Kevin Turner, chief operating officer. “Our transition to cloud services is well underway with offerings like Windows Azure and our Business Productivity Online Services, and we look forward to continuing our product momentum this fall with the upcoming launches of Windows Phone 7 and Xbox Kinect.” For the fiscal year ended June 30, 2010, Microsoft reported record revenue of $62.48 billion, a 7% increase from the prior year. Operating income, net income and diluted earnings per share for the year were $24.10 billion, $18.76 billion and $2.10, which represented increases of 18%, 29% and 30%, respectively, when compared with the prior year. Business Outlook

Microsoft offers updated operating expense guidance of $26.9 billion to $27.3 billion for the full year ending June 30, 2011.

Admin 23 July 2010 microsoft , , , , No Comments

Microsoft To End Support Windows Vista Without Service Pack and Windows XP SP2

windows xp vista support end Microsoft To End Support Windows Vista Without Service Pack and Windows XP SP2

With Windows 7 copies selling skyrocketing beyond Vista, it is a matter of time before Microsoft put an end to Windows’ older version. It’s not surprise to see that support to Windows XP SP2 32 bit will end by 13th July 2010, while 64 bit has longer lifeline until 18 April 2014.

Support to Windows Vista without service pack will end in about a month as well, or precisely 14-April-2010. This radical move is timely when Microsoft is still struggling to force  Vista users to upgrade to Vista SP1 which is more stable and secure.

The end of support will means no new update such as bug fix or security update will be released for these operating system. This pose security threat to the machines still running this OS version which  vulnerable to attack from virus, spyware and etc.

Microsoft is recommending every computer running older version of OS to upgrade to Windows 7, but not every computer are compatible with Windows 7 especially older computer. Upgrading from older OS version also is a pain process, when usually clean install is the best way to get your computer running efficiently.

Admin 7 March 2010 Corp , , , , , , 1 Comment
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