Western Digital makes bumper profit

Western Digital logoWD turned in a net profit of $495 million on revenues of $3.8 billion for its first fiscal quarter, ending on September 27th last.

At the end of the quarter, WD ended up with cash in the bank of $4.9 billion and used some of its loot to buy back 2.3 million shares.

CEO Steve Milligan said that its HGST and WD subsidiaries performed well.

And it expects to continue to do well in its current quarter too, bolstered by thr world’s need for ever more storage.