Lake Forest, Calif.-based Western Digital produces hard drives. $3.6 billion worth of hard drives to be exact. Its impressive 2005 revenue figures are complemented by its 5.5% profit margin, 19.4% revenue growth and 40.7% return on equity.
Adding to the good news for Western Digital, the company reported revenue of $1.1 billion on shipments of approximately 18.8 million units, and net income of $102.9 million for its third fiscal quarter ended March 31, 2006. Gross margin for the March quarter was 19.3%.
The results represented strong year-over-year performance, including 23% growth in units from 15.3 million in the year-ago period, 23% growth in revenue versus $920 million, and 45% growth in net income over the $70.8 million reported last year, according to the company.
"The March quarter results demonstrate a continuation of our strong and consistent financial performance and penetration of new markets," said Arif Shakeel, WD's president and CEO, in an April 27, 2006 statement. "Providing customers with high quality, cost-effective hard drives at capacity points they require -- when they need them -- is of tremendous value in all the markets that we serve: notebook, consumer electronics, enterprise, branded products and desktop. As these markets grow, we have significant opportunities to leverage our investments into continued strong financial performance."
IW 50 Best Manufacturing Company
