Western Digital Reported Second Quarter 2020 Fiscal Year.
Western Digital has published a report for the past quarter. In its financial reporting system, the second quarter of fiscal year 2020 ended on January 3.
The reporting period brought $ 4.2 billion in revenue to the drive manufacturer. Operating profit was $ 50 million, but the quarter was unprofitable. The report shows the net loss of 139 million dollars.
As often happens, non-GAAP calculation significantly changes the matter. Operating profit is $ 333 million, and net profit of $ 187 million is the result of the quarter.
Note that for the year the company’s income has not changed. In the second quarter of fiscal year 2019, it was also equal to $ 5.3 billion. Operating profit was then $ 176 million, and net loss was $ 487 million. In non-GAAP settlements, operating profit was $ 589 million, and net profit was $ 424 million.
During the quarter, the manufacturer paid $ 149 million in dividends. Another 388 million dollars was allocated to reduce liabilities.
In the current quarter, Western Digital expects to receive 4.1-4.3 billion dollars in revenue.