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Primeur weekly 2015-02-02

The Cloud

Shinra Technologies partners with NTT and Techorus and announces launch date of Japanese technical beta ...

UTSA and Indiana University partner on $6.6 million NSF Cloud-based advanced computing systems grant ...

Independent research firm ranks HP private Cloud a leader in China ...

Desktop Grids

Grant for Nerdalize for heating houses with computing power ...

EuroFlash

Business Secretary Cable announces partners in the Alan Turing Institute in the UK ...

Schools in Wales challenged to break the world land speed record of 1,000mph ...

PUZZLECLUSTER: The first reuse application of the PUZZLEPHONE ...

Chemists control structure to unlock magnetization and polarization simultaneously ...

MEP Awards 2015 - Shortlisted nominees for ICT announced ...

DIADEMS - finding the sensor behind the sparkle ...

Entanglement on a chip: Breakthrough promises secure communications and faster computers ...

USFlash

NERSC seeks industry partners for collaborative research ...

Exascale Hearing Testimony in Congress highlights CS research accomplishments ...

D-Wave Systems raises an additional $29 million, closing 2014 financing at $62 million ...

MAGMA MIC 1.3.1 for Intel Xeon Phi coprocessors released ...

Dot Hill announces general availability of the Ultra56 AssuredSAN Hybrid storage array ...

New climate change projections for Australia ...

SGI reports financial results for the second quarter of fiscal 2015 ...

Researchers identify materials to improve biofuel and petroleum processing ...

Supercomputing the evolution of a model flower ...

Obsidian unveils plans for 400G-capable enhanced InfiniBand services platform at EmTech Singapore 2015 ...

New supercomputer allows for massive data analysis in less time ...

IBM Research to lead company's advanced computer chip R&D at SUNY Polytechnic Institute ...

Building trustworthy Big Data algorithms ...

Parallelizing common algorithms ...

New pathway to valleytronics ...

Nanoscale mirrored cavities amplify, connect quantum memories ...

SGI reports financial results for the second quarter of fiscal 2015

28 Jan 2015 Milpitas - SGI, a global expert in high performance solutions for compute, data analytics, and data management, has reported financial results for its fiscal second quarter 2015 ended December 26, 2014. Total revenue for the fiscal second quarter was $138 million, an increase of 24% from $112 million in the previous quarter and an increase of 19% from $116 million in the second fiscal quarter of 2014.

GAAP net loss for the fiscal second quarter was $10 million, or $(0.30) per share, compared with a GAAP net loss of $10 million, or $(0.30) per share, in the prior quarter, and a GAAP net loss of $14 million, or $(0.40) per share, in the second quarter of fiscal 2014. Non-GAAP net income for the quarter was $0.1 million, or breakeven per diluted share, compared with a non-GAAP net loss of $5 million, or $(0.14) per share, in the prior quarter and a non-GAAP net loss of $7 million, or $(0.20) per share, in the year-ago period.

Core revenue, which excludes $1 million of revenue related to legacy Cloud infrastructure business, was $137 million, an increase of 24% from $111 million in the prior quarter and 29% from $107 million in the same quarter a year ago.

Revenue from the company's U.S. Federal business was $72 million, an increase of 19% from $61 million in the prior quarter and 63% from $44 million in the same quarter a year ago.

Core revenue in the company's International and Commercial sectors was $65 million, an increase of 31% from $50 million in the prior quarter and 4% from $62 million in the same quarter a year ago.

"In the second quarter we made progress on our strategic priorities, including large project awards with existing and new customers. Our enterprise growth strategy began to deliver results as we further penetrated various technical computing markets and recognized our first revenue for our UV 300H product. This resulted in the highest bookings quarter we have seen in nearly three years, driven in part by the strength and diversification of our Federal business", stated Jorge Titinger, President and CEO of SGI.

The company has also announced the closing of a $70 million secured term loan facility. "This successful financing enables us to fund working capital for our bookings growth, especially the large Federal programme award wins, which have longer award to acceptance cycle times", stated Robert Nikl, EVP and Chief Financial Officer.

Recent highlights include:

  • As part of the Department of Defense's ongoing initiative to improve high performance computing (HPC) resources, SGI was awarded two contracts this quarter totaling approximately $60 million for SGI ICE X supercomputers with SGI InfiniteStorage. The first contract is with the US Engineer Research and Development Center, and the second is with the Air Force Research Laboratory.
  • SGI recognized revenue for two NASA contracts this quarter, enabling greater diversification into Federal agencies. The first was with the NASA Ames Research Center which is upgrading its flagship supercomputer, Pleiades. The second was with the NASA Center for Climate Simulation (NCCS), located at NASA's Goddard Space Flight Center, which is enhancing its research and analysis capabilities in climate prediction.
  • The IT-4 National Supercomputing Center in the Czech Republic selected the SGI ICE XA solution to further its research. At two petaflops, the new supercomputer is expected to rank as one of the 50 largest supercomputers in the world.

The company is providing the following financial outlook:

  • The company expects total revenue for its fiscal third quarter ending March 27, 2015 to be in the range of $120 million to $130 million.
  • GAAP net loss for the fiscal third quarter is expected to be in the range of $5 to $9 million, or $(0.15) to $(0.25) per share. After excluding approximately $5 million of adjustments for stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items, non-GAAP net loss for the quarter is expected to be in the range of breakeven to $4 million, or $0.00 to $(0.10) per share.
  • The company expects total revenue for the second half of fiscal 2015 to be in the range of $290 to $310 million, which represents growth of 16% to 24% over the first half of fiscal 2015, and growth of 9% to 16% over the comparable period last year.
  • The company expects total revenue for its fiscal year ending June 26, 2015 to be in the range of $540 million to $560 million, reflecting annual core revenue growth of approximately 8% to 12%.
Source: Rackable Systems

Back to Table of contents

Primeur weekly 2015-02-02

The Cloud

Shinra Technologies partners with NTT and Techorus and announces launch date of Japanese technical beta ...

UTSA and Indiana University partner on $6.6 million NSF Cloud-based advanced computing systems grant ...

Independent research firm ranks HP private Cloud a leader in China ...

Desktop Grids

Grant for Nerdalize for heating houses with computing power ...

EuroFlash

Business Secretary Cable announces partners in the Alan Turing Institute in the UK ...

Schools in Wales challenged to break the world land speed record of 1,000mph ...

PUZZLECLUSTER: The first reuse application of the PUZZLEPHONE ...

Chemists control structure to unlock magnetization and polarization simultaneously ...

MEP Awards 2015 - Shortlisted nominees for ICT announced ...

DIADEMS - finding the sensor behind the sparkle ...

Entanglement on a chip: Breakthrough promises secure communications and faster computers ...

USFlash

NERSC seeks industry partners for collaborative research ...

Exascale Hearing Testimony in Congress highlights CS research accomplishments ...

D-Wave Systems raises an additional $29 million, closing 2014 financing at $62 million ...

MAGMA MIC 1.3.1 for Intel Xeon Phi coprocessors released ...

Dot Hill announces general availability of the Ultra56 AssuredSAN Hybrid storage array ...

New climate change projections for Australia ...

SGI reports financial results for the second quarter of fiscal 2015 ...

Researchers identify materials to improve biofuel and petroleum processing ...

Supercomputing the evolution of a model flower ...

Obsidian unveils plans for 400G-capable enhanced InfiniBand services platform at EmTech Singapore 2015 ...

New supercomputer allows for massive data analysis in less time ...

IBM Research to lead company's advanced computer chip R&D at SUNY Polytechnic Institute ...

Building trustworthy Big Data algorithms ...

Parallelizing common algorithms ...

New pathway to valleytronics ...

Nanoscale mirrored cavities amplify, connect quantum memories ...