Western Digital’s net profit increased by an order of magnitude

Western Digital released its third quarter fiscal year 2021, which closed on April 2, with one of the world’s largest storage providers showing mixed results.

Revenue for the three-month period was approximately $ 4,14 billion, which is 1% less than in the third quarter of the previous fiscal year, when Western Digital received $ 4,18 billion.

At the same time, the net profit skyrocketed by an order of magnitude. If a year ago the company earned about $ 17 million, now it is $ 197 million. Profit per security has increased from 6 cents to 63 cents.

Revenue in the client devices division was $ 2,01 billion, up 10% year-on-year. Consumer solutions brought about $ 888 million: an increase in this area was 8%.

The Data Center Devices and Solutions division, which is responsible for products for the data center, recorded a 19 percent decline, with revenues of $ 1,24 billion.

Western Digital shipped 23,2 million hard drives during the quarter, up from 24,4 million a year earlier. Of these, 9,2 million were client devices, 5,7 million were drives for data centers. 

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