Amsterdam, 28 januari 2005 - Western Digital Corp. (NYSE: WDC) behaalde in het tweede kwartaal van het fiscale jaar 2005, dat eindigde op 31 december 2004, een omzet van $955 miljoen dankzij de levering van 16,2 miljoen units. De nettowinst bedroeg $56,0 miljoen of $0,26 per aandeel. In eerste kwartaal van het fiscale jaar 2005 was de omzet $824 miljoen bij de levering van ongeveer 14,2 miljoen units. De nettowinst bedroeg toen $30,4 miljoen of $0,14 per aandeel.
Hieronder treft u het volledige Engelstalige persbericht aan.
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WD ANNOUNCES SECOND QUARTER REVENUE OF $955 MILLION AND NET INCOME OF 26 CENTS PER SHARE
Strong Demand Spurs Unit Shipments of 16.2 Million; Company Generates $143 Million in Cash from Operations
LAKE FOREST, Calif. - Jan. 27, 2005 - Western Digital Corp. (NYSE: WDC) today reported revenues of $955 million on shipments of approximately 16.2 million units, and net income of $56.0 million, or $0.26 per share, for its second fiscal quarter ended Dec. 31, 2004.
The second quarter results represent a significant improvement over the company's financial performance in its first fiscal quarter ended Oct. 1, 2004, when it reported revenues of $824 million on unit shipments of 14.2 million, and net income of $30.4 million, or $0.14 per share. A year ago in the December 2004 quarter, WD generated revenue of $835 million, shipped approximately 12.7 million units and earned $68.8 million, or $0.32 per share.
The unit volumes for the December quarter reflected strong demand in the desktop PC and personal and digital video recorder markets. The company shipped approximately 1.6 million drives for consumer electronics applications, an increase of over 200 percent from the year-ago period.
"In addition to the robust market demand, the second quarter results demonstrate the strength of the WD business model and our ongoing operational excellence," said Matt Massengill, chairman and chief executive officer of Western Digital. "The demand for hard drives in all segments was strong, especially in desktop and consumer electronics applications, and WD continued to serve these markets with world-class quality and highly reliable products.
"We expanded our coverage of high-growth markets in the second quarter," said Massengill, noting that the company shipped in volume its 2.5-inch WD Scorpio(tm) drives for mobile computing applications and shipped its new 320 GB WD Caviar® hard drive for the high-capacity markets. Additionally, the company shipped more than 4 million Serial ATA hard drives in the quarter. Last week, the company announced its entry into the miniature hard drive market with a 6 GB one-inch hard drive for handheld consumer applications.
From a balance sheet perspective, the company's cash at the end of the quarter grew to $493 million, an increase of $87 million from the September quarter. The company generated $143 million in cash from operations, and it repurchased approximately 1.0 million shares of common stock for approximately $8 million. Since the inception in May 2004 of the company's share repurchase program, it has repurchased approximately 5.1 million shares at a total cost of $39.3 million.
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company produces reliable, high-performance hard drives that keep users' data close-at-hand and secure from loss. WD was founded in 1970. The company's storage products are marketed to leading systems manufacturers and selected resellers under the Western Digital and WD brand names. Visit the Investor section of the company's Web site (www.westerndigital.com) to access a variety of financial and investor information.
Western Digital and WD Caviar are registered trademarks, and WD, the WD logo and WD Scorpio are trademarks, of Western Digital Technologies, Inc. All other trademarks herein are property of their respective owner.