Hitachi Ltd.’s hard disk drive unit said Thursday it logged an operating profit in the January-March quarter and is “bullish” on its prospects for the full year.
Hitachi Global Storage Technologies booked an operating profit of $217 million in the quarter against a loss of $57 million the previous year, on revenue of $1.46 billion, up 42 percent.
“We are very confident that we will continue to post very favorable financial results for 2010,” Steve Milligan, chief executive officer of HGST, said at a news conference in Tokyo.
The company attributed the strong performance to brisk demand for hard drives used in personal computers, servers and other gadgets.
Milligan also said capacity is being added in anticipation of higher demand in the latter half of the year.
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