SanDisk Revenue More Than Doubles
SanDisk Corp.'s revenue more than doubled from a year ago, as the company capitalized on the demand for CompactFlash flash cards for digital cameras and other portable devices.SanDisk Corp.s revenue more than doubled from a year ago, as the company capitalized on the demand for CompactFlash flash cards for digital cameras and other portable devices. SanDisks fourth-quarter revenues, reported Wednesday, grew by 116 percent from the same period a year ago, to $389 million. The company recorded net income of $88 million, a roughly fourfold increase from the fourth quarter of 2002, when SanDisk reported net income of $20 million. SanDisk, based in Sunnyvale, Calif., nearly repeated its performance for fiscal 2003, as revenue jumped 99 percent to $1.1 billion, with a net income of $169 million. The company reported a net income of $36 million for fiscal 2002.
"Our excellent performance in the fourth quarter capped an outstanding year for SanDisk," said Eli Harari, president and chief executive of SanDisk, in a statement.