WD's disk and #SanDisk-boosted flash sales boomed as overall revenues in its first fiscal 2017 quarter rose to $4.7bn, up 40.6 per cent on the year-ago $3.4bn. But it reported a net $366m loss. Why a loss? A year ago it made a profit of $283m on lower revenues. This time around there were charges associated with WD’s recent acquisitions ( #SanDisk and HGST) and debt extinguishment charges related to repricing and repayment of outstanding debt. Compared to the previous quarter revenues of $3.5bn the revenue growth was abrupt and shows the effect of having SanDisk inside WD’s house. CEO Steve Milligan’s canned quote said: “We are pleased with our performance in the September quarter, the first full quarter as an integrated company following the SanDisk acquisition in May. Demand for both hard drive and flash-based products was strong across all customer categories, driven by cloud and mobile applications, as well as better-than-expected PC market trends.”
http://www.theregister.co.uk/AMP/2016/10/27/boom_wd_gets_disk_demand_and_sandisk_flash_revenue_boost/
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