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Primeur weekly 2018-01-22

Focus

European Commission explains why Joint Undertaking is well suited as legal instrument to help create EuroHPC ecosystem ...

Exascale supercomputing

Exascale architectures lead to greener and more advanced combustion systems ...

Call for Proposals: Aurora Early Science Programme expands to include data and learning projects ...

Quantum computing

HKU quantum physicist Dr. Giulio Chiribella receives Croucher Senior Research Fellowship 2018 ...

New input for quantum simulations ...

Focus on Europe

Eni boots up HPC4 and makes its computing system the world's most powerful in the industry ...

ONERA to install new supercomputer for aerospace research ...

Atos to deliver the most powerful supercomputer in Germany at Forschungszentrum Jülich ...

Hardware

Cray announces selected preliminary 2017 financial results ...

India's Ministry of Earth Sciences deploys new Cray XC40 supercomputers and Cray storage systems ...

University of Virginia Engineering tapped to lead $27.5 million centre to reinvent computing ...

Asperitas creates AsperitasEI business unit to bring circular energy and data centre projects to life ...

CSRA selects edge solutions and Supermicro computer for expansion, increasing NASA computing capacity to 5 petaFLOPS ...

Mellanox ConnectX-5 Ethernet adapter wins Linley Group Analyst Choice Award for Best Networking Chip ...

Notre Dame to lead $26 million multi-university research centre developing next-generation computing technologies ...

New $32 million centre at University of Michigan reimagines how computers are designed ...

New C-BRIC centre will tackle brain-inspired computing ...

Ultra-thin memory storage device paves way for more powerful computing ...

Applications

US DOE announces funding for new HPC4Manufacturing industry projects ...

NOAA kicks off 2018 with massive supercomputer upgrade ...

UMass Center for Data Science partners with Chan Zuckerberg Initiative to accelerate science and medicine ...

Himawari-8 data assimilated simulation enables 10-minute updates of rain and flood predictions ...

Ohio Supercomputer Center to host free webinar on innovative web-based HPC portal ...

2D tin (stanene) without buckling: A possible topological insulator ...

Uncovering decades of questionable investments ...

Groundbreaking conference examines how AI transforms our world ...

Framework for Research Data Management makes life simpler for researchers ...

The Cloud

New centre headquartered at Carnegie Mellon will build smarter networks to connect edge devices to the Cloud ...

IBM and Salesforce strengthen strategic partnership ...

ANSYS and Rescale offer on-demand, pay-per-use ANSYS software on Rescale's ScaleX Cloud HPC platform ...

Cray announces selected preliminary 2017 financial results

16 Jan 2018 Seattle - Cray Inc. has announced selected preliminary 2017 financial results. The 2017 anticipated results are based on preliminary financial data and are subject to change until the year-end financial reporting process is complete. Based on preliminary results, total revenue for 2017 is expected to be about $390 million.

While a wide range of results remains possible for 2018 and based on the company's preliminary 2017 results, Cray expects revenue to grow by 10-15% for 2018. Revenue is expected to be about $50 million for the first quarter of 2018.

"With a strong effort across the company and in partnership with our customers, we completed all our large acceptances during the fourth quarter", stated Peter Ungaro, president and CEO of Cray. "A couple of smaller acceptances that we did not finish are now expected to be completed early in 2018. While 2017 was challenging, we're beginning to see early signs of a rebound in our core market and I'm proud of the progress we made during the year to position the company for long-term growth."

Based on currently available information, Cray estimates that the impact of the Tax Cuts and Jobs Act (Tax Legislation) passed in December 2017 will result in a reduction to the company's GAAP earnings for the fourth quarter and year ended December 31, 2017 in the range of $30-35 million. The large majority of this charge is due to the remeasurement of the company's U.S. deferred tax assets at lower enacted corporate tax rates. The charge may differ from this estimate, possibly materially, due to, among other things, changes in interpretations and assumptions the company has made, and guidance that may be issued. This charge has no impact on the company's previously provided non-GAAP guidance. Going forward, the company does not expect an increase in its non-GAAP tax rates as a result of the Tax Legislation.
Source: Cray

Back to Table of contents

Primeur weekly 2018-01-22

Focus

European Commission explains why Joint Undertaking is well suited as legal instrument to help create EuroHPC ecosystem ...

Exascale supercomputing

Exascale architectures lead to greener and more advanced combustion systems ...

Call for Proposals: Aurora Early Science Programme expands to include data and learning projects ...

Quantum computing

HKU quantum physicist Dr. Giulio Chiribella receives Croucher Senior Research Fellowship 2018 ...

New input for quantum simulations ...

Focus on Europe

Eni boots up HPC4 and makes its computing system the world's most powerful in the industry ...

ONERA to install new supercomputer for aerospace research ...

Atos to deliver the most powerful supercomputer in Germany at Forschungszentrum Jülich ...

Hardware

Cray announces selected preliminary 2017 financial results ...

India's Ministry of Earth Sciences deploys new Cray XC40 supercomputers and Cray storage systems ...

University of Virginia Engineering tapped to lead $27.5 million centre to reinvent computing ...

Asperitas creates AsperitasEI business unit to bring circular energy and data centre projects to life ...

CSRA selects edge solutions and Supermicro computer for expansion, increasing NASA computing capacity to 5 petaFLOPS ...

Mellanox ConnectX-5 Ethernet adapter wins Linley Group Analyst Choice Award for Best Networking Chip ...

Notre Dame to lead $26 million multi-university research centre developing next-generation computing technologies ...

New $32 million centre at University of Michigan reimagines how computers are designed ...

New C-BRIC centre will tackle brain-inspired computing ...

Ultra-thin memory storage device paves way for more powerful computing ...

Applications

US DOE announces funding for new HPC4Manufacturing industry projects ...

NOAA kicks off 2018 with massive supercomputer upgrade ...

UMass Center for Data Science partners with Chan Zuckerberg Initiative to accelerate science and medicine ...

Himawari-8 data assimilated simulation enables 10-minute updates of rain and flood predictions ...

Ohio Supercomputer Center to host free webinar on innovative web-based HPC portal ...

2D tin (stanene) without buckling: A possible topological insulator ...

Uncovering decades of questionable investments ...

Groundbreaking conference examines how AI transforms our world ...

Framework for Research Data Management makes life simpler for researchers ...

The Cloud

New centre headquartered at Carnegie Mellon will build smarter networks to connect edge devices to the Cloud ...

IBM and Salesforce strengthen strategic partnership ...

ANSYS and Rescale offer on-demand, pay-per-use ANSYS software on Rescale's ScaleX Cloud HPC platform ...