Last updated on December 8th, 2022 at 02:04 pm
Western Digital Reported Third Quarter 2020 Fiscal Year
Western Digital has published a report for the third quarter of the fiscal year 2020, ending at the end of March 29.
Western Digital revenue last quarter reached $ 4.175 billion, net profit – $ 17 million
Income for the reporting period amounted to 4.2 billion dollars. This figure corresponds to an increase of 14% in annual terms. A press release on the report said that revenue for the Data Center Devices and Solutions unit grew by 22% over the year, Client Devices units – 13%, and Client Solutions units – 2%.
The operating profit for the quarter was $ 153 million, while net profit was $ 17 million. For comparison: a year ago, the company suffered operating losses of $ 394 million, and the net loss in the amount of $ 581 million was the result of the quarter.
The non-GAAP calculation provides even more attractive indicators for shareholders: operating profit is $ 427 million, net profit is $ 257 million. A year ago, these figures were equal to $ 186 million and $ 49 million, respectively.
During the reporting period, the company paid $ 146 million in dividends and allocated $ 212 million to reduce debts. At the end of the quarter, Western Digital had $ 2.9 billion in cash and cash equivalents at its disposal.
