Connect with us


Net profit of Western Digital in annual terms grew more than tenfold



Western Digital has released a report for the third quarter of its fiscal year 2021. Recall that not all companies have a fiscal year that coincides with a calendar year, so there is no mistake – in April it is quite possible to report for the third quarter.

Revenue for the reporting period amounted to $ 4.137 billion. A year ago, the value of this indicator was equal to $ 4.175 billion, that is, in annual terms, it decreased by 1%. Gross profit increased slightly – from 24.1% to 26.4%, that is, by 2.3 percentage points.

Operating income was $ 317 million. This is 107% more than the $ 153 million reported in the fiscal 2020 third quarter.

Finally, the net income was $ 197 million. Considering that a year ago it was exactly $ 17 million, we get an impressive growth rate – 1059%, or about 11.6 times. However, if you do not follow the formal GAAP accounting rules, but carry out a more realistic calculation, it will turn out that the net profit for the year increased from $ 257 to $ 318 million, that is, by 24%.

It remains to add that during the quarter the company paid off $ 212 million in debt, and by the end it had $ 2.7 billion in cash and cash equivalents.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Latest News

News9 mins ago

The final version of HarmonyOS 2.0 is out on June 2nd. 300,000 people have already received the update

Chinese sources have learned from a senior Huawei official familiar with the matter that HarmonyOS 2.0 will be officially released...

Phones10 mins ago

Redmi Note 10 Pro received stable MIUI 12.5

The Redmi Note 10 Pro smartphone has received the MIUI 12.5 stable update, which is available in India, Europe and...

Laptops19 mins ago

Apple to release redesigned MacBook Pro with new SoC very soon, which will be the first sign of a whole series of new products

Apple is preparing new MacBook Pro laptops and other Macs soon to be released. This was told by the editor...

Phones20 mins ago

One-click camera or battery replacement. Xiaomi may have a modular smartphone

The idea of ​​a modular smartphone that involves a quick change of the camera, screen or battery has been known...

Headphones21 mins ago

No Apple AirPods or HomePod models support new lossless audio on Apple Music

Yesterday it became known that support for Spatial Audio and Dolby Atmos technologies, as well as Lossless Audio, are being...

Components32 mins ago

Huawei’s first curved monitor with soundbar launches June 1st

Huawei will release a new 34-inch curved monitor called Huawei MateView on June 1, 2021, sources say. The gaming monitor...

News1 hour ago

Samsung Electronics May Start Construction of New Chip Plant in U.S. Next Quarter

Samsung Electronics may begin construction of a $ 17 billion chip factory in the United States in the third quarter...

News3 hours ago

Professional customizer criticized Apple TV’s auto-calibration feature

In April, with the introduction of the new Apple TV 4K, Apple also introduced the TV Calibration feature. It uses...


Most Popular