Data storage and hard drive specialist Western Digital has posted higher-than-expected revenue and profit, due to stabilising PC demand and a shift by businesses to cloud storage.Western Digital’s revenue rose to US$4.89 billion
(A$6.46 billion) in the second quarter ended December 30, up from $3.32 billion
a year earlier. Analysts on an average had expected revenue of $4.76 billion.
The company’s net income, however, fell to US$235 million, or 80 cents a share,
down from $251 million, or $1.07 a share, a year earlier.
Western Digital has benefited from its shift to high-performance and
cost-effective NAND flash drives, which are fast replacing the traditional
magnetic storage method. The company bought SanDisk in May.