Enterprise boosts Western Digital
·25 Apr 2013
Hard disk drive maker Western Digital Corp posted better-than-expected third-quarter revenue, helped by higher demand from enterprise customers.
Net income for the company, which along with Seagate Technology Plc dominates the hard disk drive market, fell to $391 million, or $1.60 per share, from $483 million, or $1.96 per share, a year earlier.
Revenue rose 24 percent to $3.76 billion.
Analysts on average had expected earnings of $1.77 per share on revenue of $3.61 billion, according to Thomson Reuters I/B/E/S.
Hard disk drive shipment rose 36 percent to 60.2 million units.
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