Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.
The world’s largest disk drive maker posted revenue of $4.7 billion, up 40.2% from a year earlier and topping analyst estimates of $4.52 billion.
Adjusted profits hit $341 million, down 6.8% but topping consensus forecasts of about $299 million.
The reporting period includes a full quarter of integrated operations of its record $17 billion acquisition of Milpitas-based SanDisk Corp. that closed in May.
The buy created one of the most diversified players in the volatile storage market with a big presence in the consumer, retail and corporate segments.
The company sold 47.5 million hard drive units in the September quarter, up from 40.1 million units in the June quarter, the lowest figure since the December 2011 quarter when it sold 28.5 million units.
The 2011 low point came after WD suspended hard drive production at its plant outside the Thai capital of Bangkok, following a heavier-than-usual monsoon season punctuated with floods.
The company didn’t regain full operations for almost a year in Thailand, which accounted for about 60% of its disk drive production at the time.
Demand for hard drive and flash-based products was strong across all customer categories, driven by cloud and mobile applications, and better-than-expected PC market trends, Chief Executive Steve Milligan said in a released statement.
The strong report helped push WD’s share price up 6% in recent trading to a market value of about $17 billion.
