Western Digital Announces $2.476 Billion in Q2 Revenue

Posted 01/19/2011 at 9:56am | by Paul Lilly

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Western Digital on Tuesday reported revenue of $2.475 billion for its second fiscal quarter ended December 31, 2010. That's down slightly from one year ago, in which WD posted $2.619 billion, but the hard drive maker isn't complaining.

"We are pleased to deliver better-than-expected revenues, profitability, and gross margin in the December quarter, reflecting solid execution and an improvement in hard drive industry conditions compared with the prior two quarters," said John Coyne, president and chief executive officer. "The opportunity for profitable growth in our industry remains tremendous and we are committed to improving our financial performance over the longer term. We plan to do so with a continued emphasis on our industry-leading low-cost structure, high quality, highly reliable and highly available products, and a sharp focus on matching production with true customer demand."

Western Digital shipped 52.2 million hard drives during its second fiscal quarter, which contributed $225 million. During the same quarter in 2009, WD shipped 49.5 million hard drives.

Image Credit: Western Digital