Based on initial indications, the company completed the system acceptances necessary to achieve its previously provided 2013 guidance of revenue in the range of $520 million for the year. As a result, the company expects to be profitable on both a GAAP and non-GAAP basis for 2013.
"We had a great year, highlighted by strong revenue growth in both supercomputing and Big Data", stated Peter Ungaro, president and CEO of Cray. "During the fourth quarter, we installed and completed the acceptance process on more supercomputers than we have in any quarter of our history, breaking records for both quarterly and annual revenue. I want to thank everyone who contributed throughout the process, including our partners, customers and all of the Cray employees who worked tirelessly to get these systems installed and into production for our customers. As proud as I am of our accomplishments in 2013, I am equally as excited about the momentum we are building and the strong performance we anticipate again in 2014."
For 2014, while a wide range of results remains possible, the company is maintaining the outlook provided in its most recent quarterly earnings release, which included expecting revenue to be in the range of $600 million for the year.