Western Digital Announces Financial Results for First Quarter Fiscal Year 2019

Western Digital Announces Financial Results for First Quarter Fiscal Year 2019

6 years ago
Anonymous $oIHRkISgaL

https://www.businesswire.com/news/home/20181025005955/en/

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct 25, 2018--Western Digital Corp. (NASDAQ: WDC) today reported revenue of $5.0 billion for its first fiscal quarter ended Sept. 28, 2018. Operating income was $686 million with net income of $511 million, or $1.71 per share. Excluding certain non-GAAP adjustments, the company achieved non-GAAP operating income of $1.1 billion and non-GAAP net income of $906 million, or $3.04 per share.

In the year-ago quarter, the company reported revenue of $5.2 billion, operating income of $905 million and net income of $681 million, or $2.23 per share. Non-GAAP operating income in the year-ago quarter was $1.4 billion and non-GAAP net income was $1.1 billion, or $3.56 per share.