WD Reports Surge In Revenues

Lake Forest-based Western Digital joined a chorus of Orange County firms reporting strong results for the most recent quarter, saying Thursday afternoon that it had revenues of $2.6 billion in its fiscal Q2, which ended January 1st. According to WD, it had hard drive shipments of 49.5 million units, delivering $2.6B in revenues and net income of $429M, up significantly from its results a year ago, when it had revenues of $1.8 billion, hard drive shipments of 35.5 million units, and net income of $14M. The firm said the strong results boosted its cash and cash equivalents to $2.4 billion. The firm said the boost came primarily from the consumer segment.