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Western Digital Reports 1Q Fiscal 2015 Results

By TechTaffy Desk

WD

Western Digital reported revenue of $3.9 billion and net income of $423 million, or $1.76 per share, for its first fiscal quarter ended Oct. 3, 2014. In the year-ago quarter, the company reported revenue of $3.8 billion and net income of $495 million, or $2.05 per share.

The company generated $827 million in cash from operations during the September quarter, ending with total cash and cash equivalents of $5.2 billion. During the September quarter, the company utilized $223 million to repurchase 2.2 million shares of common stock. On Aug. 5, the company declared a 40 cents per common-share dividend, which was paid on Oct. 15.

[Image courtesy: Western Digital]

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