Western Digital’s revenue declined last quarter, but operating profit tripled

Western Digital’s revenue declined last quarter, but operating profit tripled

Western Digital ended the second quarter of its fiscal year 2021 in early January. Recently, the manufacturer published a corresponding report.

The reporting period brought the company $ 3.9 billion in revenue, down 7% on an annualized basis. The compilers of the report clarify that in the segment of client devices, revenue increased by 19%, in the segment of client solutions – by 6%, but in the segment of devices and solutions for data centers, it decreased by 46%.

Operating income was $ 158 million and the quarter ended in net income of $ 62 million. For comparison, in the second quarter of fiscal 2020, operating income was $ 50 million, but then the company suffered a net loss of $ 139 million. A non-GAAP calculation changes the picture. It turns out that operating income for the year increased from 333 to 343 million dollars, and net profit – from 187 to 212 million dollars.

In the current quarter, the manufacturer expects revenue of $ 3.85-4.05 billion.

Western Digital’s revenue declined last quarter, but operating profit tripled

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