Western DigitalÂ® Corp. (NASDAQ: WDC) said it reported revenue of USD3.2 billion and net income of USD220 million, or USD0.94 per share, for its fourth fiscal quarter ended July 3, 2015.
On a non-GAAP basis, net income was USD356 million, or USD1.51 per share. In the year-ago quarter, the company reported revenue of USD3.7 billion and net income of USD317 million, or USD1.32 per share. Non-GAAP net income in the year-ago quarter was USD445 million, or USD1.85 per share.
The company generated USD488 million in cash from operations during the fourth fiscal quarter, ending with total cash and cash equivalents of USD5.0 billion. It utilized USD198 million to repurchase 2.0 million shares of its common stock. On May 5, the company declared a cash dividend of USD0.50 per share of its common stock, which was paid on July 15.
For the 2015 fiscal year, the company achieved revenue of USD14.6 billion and net income of USD1.5 billion, or USD6.18 per share, compared to fiscal year 2014 revenue of USD15.1 billion and net income of USD1.6 billion, or USD6.68 per share. On a non-GAAP basis, fiscal year 2015 net income was USD1.8 billion, or USD7.76 per share, compared to fiscal year 2014 net income of USD2.0 billion, or USD8.10 per share. The company generated USD2.2 billion in cash from operations during the 2015 fiscal year and it utilized USD1.4 billion for dividends and share repurchases.
Founded in 1970, Western Digital, Irvine, Calif., is an industry-leading developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.