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Western Digital operates in three divisions, and they had wild results.
Images of Justin Sullivan / Getty
Western Digital
shares traded higher after hours on Thursday on better-than-expected financial results for the company’s second fiscal quarter that ended on Dec. 31.
For the quarter, Western Digital (ticker: WDC) posted revenue of $ 3.9 billion, down 7% from a year ago, but toward the top end of the company’s management range of between $ 3.75 billion and $ 3.95 billion . Street consensus had been $ 3.88 billion.
Non-GAAP profits were at 69 cents a share, above the company’s management range of 40 to 60 cents, and ahead of the Street consensus at 54 cents. GAAP, or generally accepted accounting principles, had profits of 20 cents a share, compared to a loss of 47 cents a year ago.
For the March quarter, the disk memory and flash memory storage company will see revenue between $ 3.85 billion and $ 4.05 billion, with non-GAAP profits of 55 to 75 cents a share. The Street Alliance previously called for $ 3.88 billion and 64 cents in installments.
Western Digital operates in three divisions, and they had wild results.
In messenger devices, where the company provides state-of-the-art hard drives for notebooks, tablets, and other devices, sales rose 19%, to $ 2.1 billion, as the pandemic increased demand for goods -computer computing.
Western data center equipment division, on the other hand, suffered a 46% decline, to $ 807 million. The company said cloud computing customers had been in a downturn and confirmed that demand for this segment was likely in the fourth quarter and should rebound in the fourth March.
Western said sales in the consumer solutions industry, which sells storage equipment through sales, saw a 6% rise in sales, to $ 1 billion, a two-year high.
“In the quarter, we gained strength in the retail industry and also achieved our target output to certify our energy-backed hardware drivers and second-generation enterprise SSD products with some of the largest data center operators in the world. world, ”CEO David Goeckeler said in a statement. “While more work remains to be done, we remain focused on meeting the needs of our customers and ramping up next generation products throughout the 2021 calendar.”
In late trading, Western Digital is up 5.2%, to $ 55.40.
Write to Eric J. Savitz at [email protected]