Q2 Financials Released by Western Digital

Written by John Ponio    Tuesday, 24 January 2012 15:34

Western Digital Logo

Western Digital released on Monday their second quarter financial results, and it doesn't look bad. Even with the flooding in Thailand, they've still made quite a profit. Compared to the $2.5 billion (net $225 million) the company made in last year's same quarter, Western Digital made a revenue of $2.0 billion (net $145 million). The company paid $14 million in the HGST takeover, and $199 million in flood-related expenses. The release also says that Western Digital estimates that their HDD production will be back to pre-flood levels in the quarter that ends in September 2012, and that they have recently started up slider manufacturing for the first time since October. You can read the full release here