Western Digital also announced strong results today.
- They shipped 53.8 million units in the June quarter, up 8% sequentially and 8.2% from the year-ago period.
- Gross margins improved by 130 basis points to 19.5%.
- Revenues totaled $2.4 billion, net income was $158 million and cash flow from operations improved sequentially from $313 million to $447 million.
Here was the interesting quote:
We believe that 2012 could be a stronger period for the industry and for WD for several reasons: An acceleration of the commercial PC refresh as part of an overall macro reinvestment cycle; the potential for better consumer confidence translating into stronger discretionary spending; the planned launch of redesigned, feature-rich PCs enabled by Windows 8 and our continued favorable standing with customers as one of the preferred suppliers of the world’s most cost-effective storage solutions for the massive amounts of content being generated on the client and in the cloud.
Interesting – they are betting on a strong Windows 8 powered 2012.
Amen to that!