Data storage company SanDisk's quarterly revenue rises 2.5 percent

Reuters News
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Posted: Apr 27, 2016 4:33 PM

r(Reuters) - Data storage products maker SanDisk Corp's <SNDK.O> quarterly revenue rose 2.5 percent, reversing a decline of four quarters, helped by strong sales of chips used in solid state drives and USB flash drives.

The company's net income rose to $78.4 million, or 37 cents per share, in the first quarter ended April 3 from $39 million, or 17 cents per share, a year earlier.

Total revenue for SanDisk, which is being bought by Western Digital Corp <WDC.O>, rose to $1.37 billion from $1.33 billion.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Kirti Pandey; Editing by Kirti Pandey)