Western Digital announced its fiscal fourth quarter 2017 earnings on Thursday, July 27, reporting a 39% annual increase in net revenue to $4.8 billion. Key Financial MetricsStrong revenue growth was complemented by a 10 percentage point improvement in the non-GAAP gross margin. Shipments for this segment have remained low for Western Digital and rival hard drive manufacturer Seagate over the last couple of years. Combined revenues for Client Devices were up 52% to $2.4 billion, with significant growth coming from SanDisk’s client SSD product portfolio. Guidance For September QuarterWestern Digital’s management expects revenues of around $5.1 billion for the September quarter, which is 9% higher on a y-o-y basis.

Source: Forbes July 28, 2017 18:45 UTC