14 DAY TRIAL // SanDisk issued a press release in which it said that it finished the third quarter of fiscal year 2011 on October 2, with better than average results, to put it lightly.
While the recession doesn't seem to be as bad as it was a couple of years ago, it still hasn't completely gone away.
As such, it is somewhat surprising to learn of companies that managed to perform well from a financial standpoint.
The surprise is greater the better the corporation does for itself, so SanDisk can be said to have caused quite a few waves with its record revenue.
Indeed, according to its press release, SanDisk finished the third quarter of its Fiscal year 2011 (October 2) with revenues of $1.416 billion.
About the same as 1.029 billion Euro, that number is 15% higher than the revenue of Q3, FY 2010, as well as 3% higher than the sum of Q2, FY 2011.
On that note, the net income was of $292 million, a bit below the $311 million of the same period of FY 2010 but above the $278 million of Q2 FY 2011.
“We again delivered record revenue and strong profitability, driven by robust demand in our diversified end markets,” said Sanjay Mehrotra, president and chief executive officer.
“Our broad portfolio of innovative storage solutions positions us exceedingly well to capitalize on our numerous growth opportunities in smart mobile devices and consumer and enterprise computing platforms.”
SanDisk is known for such things as 64GB microSDXC cards for smartphones, energy-efficient SSDs, SSDs of up to 800 GB, etc.
The fact that, not long ago, it decided to buy a different maker of solid state drives and integrate its operations into its own definitely helped with the expansion of revenue-making outlets.
Since the Thailand floods haven't hit the NAND market as much as they did HDDs, it is unclear how things will evolve, even if it can be assumed that the positive direction will be preserved.