The company Western Digital reported on its work in the second quarter of 2018 FY.
The proceeds reached USD 5.3 bln that is the record result for the specified period. For comparison: a year before, the company’s profit was USD 4.9 bln. Therefore, the growth was approximately 9%, Finance.ua reports quoting 3dnews.
As per the results of the financial quarter, Western Digital incurred the net losses, amounting to USD 823 mln, or USD 2.78 equivalent to one security. A year before, the company received USD 235 mln of net profit – USD 0.8 for one share.
However, as Western Digital reports, the obtained results are explained, first of all, by the tax reform in the U.S.
Meanwhile, the operating profit is USD 955 mln. For comparison: a year before, this indicators was equal to USD 545 mln.
The company Western Digital installed almost 42.3 mln hard drives within a quarter. A year before, the shipments were higher – 44.8 mln units. Such situation is explained by the growth of popularity of solid-state drives, which become more and more available.
