Back to Table of contents

Primeur weekly 2015-08-03

Special

So much more than meets the eye with Moab, Nitro, Elastic Compute, Docker at Adaptive Computing ...

IDC reports strong growth of HPC in financial markets and assesses European HPC deployment towards exascale in new report for EC ...

DDN presents three game-changing products: the ES7K storage solution, the Wolfcreek Platform and the Infinite Memory Engine ...

Focus

IDC assessment of European HPC strategy: remarkable progress, but more needs to be done to reach exascale ...

Focus on Europe

BSC and CEA will coordinate efforts to reinforce European HPC research and technology innovation ...

Middleware

General availability of Intel Enterprise Edition for Lustre software v2.3 ...

Hardware

Investments in cyberinfrastructure to enhance Canada's competitive edge in research and innovation ...

DDN financial service storage solutions set world records in STAC performance benchmarks ...

Cray reports second quarter financial results ...

Inova Translational Medicine Institute chooses SGI to power one of the largest genomic databases in the world ...

SGI Japan installs five-screen virtual reality system at Komatsu, Oyama ...

Intel and Micron produce breakthrough memory technology ...

Applications

China's Skyeye-1 supercomputer to support world's largest radio telescope ...

CVS Health and IBM tap Watson to develop care management solutions for chronic disease ...

Illinois receives $1.8 million to create data platform for Big Data in plant breeding ...

Simulations lead to design of near-frictionless material ...

Superfast fluorescence sets new speed record ...

SGI UV 300H 20-socket appliance certified by SAP to run SAP HANA under controlled availability ...

TOP500

NASA's Pleiades supercomputer ranks among world's most powerful systems ...

The Cloud

HP to acquire ActiveState's Stackato business to help customers transition to hybrid Cloud ...

Cray reports second quarter financial results


30 Jul 2015 Seattle - Cray Inc. has issued financial results for the second quarter ended June 30, 2015. Revenue for the second quarter was $186.2 million, which compares with $85.1 million in the second quarter of 2014. Net income for the second quarter was $5.8 million, or $0.14 per diluted share, compared to a net loss of $6.7 million, or $0.18 per diluted share in the second quarter of 2014. Non-GAAP net income was $12.4 million, or $0.30 per diluted share for the second quarter, compared to non-GAAP net loss of $8.6 million, or $0.22 per diluted share for the same period last year.

Overall gross profit margin for the second quarter of 2015 was 27%, compared to 34% for the second quarter of 2014. Total non-GAAP gross profit margin for the second quarter of 2015 was 27%, compared to 35% for the second quarter of 2014.

Operating expenses for the second quarter of 2015 were $40.0 million, compared to $42.8 million for the second quarter of 2014. Non-GAAP operating expenses for the second quarter of 2015 were $37.3 million, compared to $39.9 million for the second quarter of 2014.

Cash, investments and restricted cash was $103 million as of June 30, 2015, compared to $148 million as of March 31, 2015. Working capital increased slightly at the end of the second quarter of 2015 to $355 million compared with $353 million at the end of the first quarter.

"We had a strong second quarter, highlighted by several key customer wins and our new installation at the King Abdullah University of Science and Technology in Saudi Arabia", stated Peter Ungaro, president and CEO of Cray. "We also expanded our storage and data management team by hiring a number of development and service engineers from Terascala, adding new skills and capabilities to this growing business. With recent wins at the Bureau of Meteorology in Australia and the Texas Advanced Computing Center, our momentum of new awards has continued and we're well positioned to deliver strong growth for the year."

Cray anticipates revenue for 2015 to be in the range of $715 million. Revenue for the third quarter is expected to be approximately $140 million. Non-GAAP gross margin for 2015 is expected to be in the 30-33% range. Total non-GAAP operating expenses for the year are anticipated to be in the range of $180 million. Based on this outlook, the company expects to improve our GAAP and non-GAAP operating profit margin significantly for 2015 as compared to 2014.

Cray's 2015 effective non-GAAP tax rate is expected to be in the range of 6-10%.

Actual results for any future period are subject to large fluctuations and a wide range of results remains possible given the nature of the business.

Recent highlights include the following:

  • In July, Cray was selected by the Bureau of Meteorology in Melbourne, Australia to deliver a new Cray XC40 supercomputer and Sonexion 2000 storage solution. Including future options, the contract totals about $53 million, with installations expected to begin in 2016.
  • In July, Cray has been selected by the Texas Advanced Computing Center (TACC) at the University of Texas to deliver a Cray XC40 supercomputer. The new system named "Lonestar5" will have a peak performance of more than one petaflops and will serve as the primary high performance computing resource in the UT Research Cyberinfrastructure initiative.
  • In July, Cray hired the majority of employees of Boston-based storage company, Terascala. The new additions strengthen Cray's overall storage and data management expertise.
  • In June, Cray established its European, Middle East and Africa (EMEA) headquarters at the company's new office in Bristol, United Kingdom. Cray continues to expand its presence in the supercomputing and Big Data markets across the region, and its new headquarters strengthens the company's commitment to the commercial, academic, and government customers in these countries.
  • In May, the Supercomputing Education and Research Center (SERC) at the Indian Institute of Science in Bangalore, India put a new Cray XC40 into production. With more than 1.4 petaflops of compute performance, the Cray supercomputer nicknamed "SahasraT" at SERC is the first petaflop system in India.
Source: Cray

Back to Table of contents

Primeur weekly 2015-08-03

Special

So much more than meets the eye with Moab, Nitro, Elastic Compute, Docker at Adaptive Computing ...

IDC reports strong growth of HPC in financial markets and assesses European HPC deployment towards exascale in new report for EC ...

DDN presents three game-changing products: the ES7K storage solution, the Wolfcreek Platform and the Infinite Memory Engine ...

Focus

IDC assessment of European HPC strategy: remarkable progress, but more needs to be done to reach exascale ...

Focus on Europe

BSC and CEA will coordinate efforts to reinforce European HPC research and technology innovation ...

Middleware

General availability of Intel Enterprise Edition for Lustre software v2.3 ...

Hardware

Investments in cyberinfrastructure to enhance Canada's competitive edge in research and innovation ...

DDN financial service storage solutions set world records in STAC performance benchmarks ...

Cray reports second quarter financial results ...

Inova Translational Medicine Institute chooses SGI to power one of the largest genomic databases in the world ...

SGI Japan installs five-screen virtual reality system at Komatsu, Oyama ...

Intel and Micron produce breakthrough memory technology ...

Applications

China's Skyeye-1 supercomputer to support world's largest radio telescope ...

CVS Health and IBM tap Watson to develop care management solutions for chronic disease ...

Illinois receives $1.8 million to create data platform for Big Data in plant breeding ...

Simulations lead to design of near-frictionless material ...

Superfast fluorescence sets new speed record ...

SGI UV 300H 20-socket appliance certified by SAP to run SAP HANA under controlled availability ...

TOP500

NASA's Pleiades supercomputer ranks among world's most powerful systems ...

The Cloud

HP to acquire ActiveState's Stackato business to help customers transition to hybrid Cloud ...