Original URL: http://www.theregister.co.uk/2007/07/27/western_digital_q4/
Western Digital profit rises on tax benefit
Revenue up 26 per cent
Posted in Storage, 27th July 2007 13:42 GMT
Western Digital (WD), the world's second largest hard-disk drive maker, said fourth quarter profit has nearly doubled due to a tax gain and strong sales growth.
It reported a significant jump of $113m with Q4 net income of $233m, which represented $1.03 a share. For the same period a year ago the firm saw net income of $120m, or 53 cents a share.
WD's reported profit included a $147m income tax benefit.
Revenue also rose, said to be up 26 per cent to $1.4bn on shipments of 24.9 million units.
WD, which has been pushing to become vertically integrated like its rivals Seagate and Hitachi GST, agreed to acquire media supplier Komag in a $1bn deal in June this year.
The full press release is here (http://www.westerndigital.com/en/company/releases/PressRelease.asp?release={56F2AC22-274C-423D-8902-AB04BAA1ADF0}). ®