*Source: TG Daily (
http://www.tgdaily.com/content/view/33104/122/)*
________
Western Digital (WDC) today announced a solid fiscal Q4 (FQ4) 2007 and fiscal year (FY) 2007 result. In the quarter ended June 30, the company shipped 24.9 million hard drives, up from 19.2 million units in the year-ago quarter. Sales climbed from $1.1 billion to $1.4 billion with net profits jumping from $120 million to $233 million, mainly due to a $147 million tax credit.
For the complete fiscal year, WDC reported revenues of $5.5 billion (up from $4.3 billion in 2006) and a net profit of $585 million (up from $395 million). Annual hard drive shipments have increased from 73.3 million units in FY 2006 to 96.5 million in FY 2007.
More...
Threaded Mode
