By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

WD declares Q3 Proceeds of $3.7 billion

western digital

Western Digital Corp. from its part went on to report proceeds of $3.7 billion and net income totaling $375 million, or $1.55 per stake aimed at its third fiscal quarter which ended Mar. 28, 2014. On a non-GAAP basis, net income was $470 million or $1.94 per cut. In the year-ago quarter, the company reported profits standing at $3.8 billion, followed by net income at $391 million, or $1.60 per share. Non-GAAP net income in the year-ago quarter was $514 million, or $2.10 for each share.

The company from its barrio went on to generate $697 million in cash from maneuvers for the duration of the March quarter. Throughout the quarter, the company made use of $244 million to trade in 2.8 million shares of common stock. It concluded the quarter braced with cash equivalents, followed by total cash and stashes of $5.0 billion. It was on Feb. 6, that the company from its part declared a $0.30 per common-share dividend, which was paid on Apr. 15.

”We achieved solid financial results for the March quarter as we continue to participate in the ongoing growth of data, with an intense focus on helping our customers succeed in a rapidly changing environment,” alleged Steve Milligan, president and chief executive officer. Supplementing that – “Cash generation remained strong. Our steady financial performance continues to demonstrate an ability to manage the business and deliver ongoing value to our customers and shareholders.” 

Tags

Jawed Akhtar

A Journalist by interest and a Music Enthusiast by passion. Wedded to Mother Nature, Jawed indulges his aesthetics in travelling and reading books of varied genres. Having covered News stories for top Dailies in his formative years, that is, he is game for tryst with Technology at Techmagnifier.

Related Articles

Upcoming Events