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Primeur weekly 2019-08-12

Focus

The quest for European HPC research and innovation funding ...

Quantum computing

Unique electrical properties in quantum materials can be controlled using light ...

Light for the nanoworld ...

Middleware

Ohio Supercomputer Center to host seventh meeting of the MVAPICH Users Group ...

Hardware

Cray reports second quarter 2019 financial results ...

Mellanox Ethernet and InfiniBand solutions deliver breakthrough performance for AMD EPYC 7002 processor-based data centres ...

Phison at the forefront of PCIe Gen4 storage market with a portfolio of products ...

Researchers embrace imperfection to improve biomolecule transport ...

2nd Gen AMD EPYC processors set new standard for the modern data centre with record-breaking performance and significant TCO savings ...

HPE ProLiant shatters 37 world records ...

Cray awarded contracts with the U.S. Army Research Laboratory and the Army Engineering and Research Development Center ...

Cray Shasta supercomputer to power weather forecasting for the U.S. Air Force ...

GRC partners with Prasa to bring liquid immersion cooling to data centres in India ...

Excelero debuts Excelero NVEdge, software for creating NVMe All Flash Arrays (NAFA) from high-availability (HA) servers ...

Excelero honoured with Flash Memory Summit 2019 Best of Show Award for third year in a row ...

Simulation technique can predict microstructures of alloy materials used in jet engines - before they are made ...

Supermicro now offering AMD EPYC 7002 series processor-based systems to customers who want to transform their data centres ...

Boston now offers AMD EPYC 7002 series processor-based systems to customers ...

Lenovo and Intel announce multiyear global collaboration to extend HPC and AI leadership ...

Xilinx expands Alveo portfolio with industry's first adaptable compute, network and storage accelerator card built for any server and any Cloud ...

Penguin Computing expands Altus product family with AMD EPYC 7002 series processor-based systems, reaching new levels of data centre performance ...

Applications

Stanford researcher develops data standards for brain imaging and applies rigorous computational methods to work ...

HPE advances its intelligent data platform with acquisition of MapR business assets ...

Turbulence meets a shock ...

The Cloud

UC San Diego, UC Berkeley, and University of Washington announce 'CloudBank' Award ...

Cray reports second quarter 2019 financial results

2 Aug 2019 Seattle - Cray Inc. has issued financial results for its second quarter ended June 30, 2019. All figures are based on U.S. GAAP unless otherwise noted. Revenue for the second quarter of 2019 was $69 million, compared to $120 million in the second quarter of 2018. Net loss for the second quarter of 2019 was $43 million, or $1,03 per diluted share, compared to net loss of $11 million, or $0,27 per diluted share in the second quarter of 2018. Non-GAAP net loss was $31 million, or $0,75 per diluted share for the second quarter of 2019, compared to non-GAAP net loss of $8 million, or $0,20 per diluted share in the second quarter of 2018.

Overall gross profit margin on a GAAP and non-GAAP basis for the second quarter of 2019 was 35% and 36%, respectively, compared to 31% and 32%, on a GAAP and non-GAAP basis in the second quarter of 2018, respectively.

Operating expenses for the second quarter of 2019 were $68 million, compared to $50 million in the second quarter of 2018. Non-GAAP operating expenses for the second quarter of 2019 were $57 million, compared to $47 million in the second quarter of 2018, with the increase primarily driven by higher R&D costs. Non-GAAP adjustments for the second quarter of 2019 include $7,6 million in costs related to our pending merger with Hewlett Packard Enterprise Company (HPE).

As of June 30, 2019, cash and restricted cash totaled $165 million. Working capital at the end of the second quarter of 2019 was $223 million, compared to $263 million at the end of the first quarter of 2019.

As previously announced on May 17, 2019, Cray entered into an agreement and plan of merger with HPE to acquire all the issued and outstanding common shares of Cray for $35 per share in cash.
Source: Cray

Back to Table of contents

Primeur weekly 2019-08-12

Focus

The quest for European HPC research and innovation funding ...

Quantum computing

Unique electrical properties in quantum materials can be controlled using light ...

Light for the nanoworld ...

Middleware

Ohio Supercomputer Center to host seventh meeting of the MVAPICH Users Group ...

Hardware

Cray reports second quarter 2019 financial results ...

Mellanox Ethernet and InfiniBand solutions deliver breakthrough performance for AMD EPYC 7002 processor-based data centres ...

Phison at the forefront of PCIe Gen4 storage market with a portfolio of products ...

Researchers embrace imperfection to improve biomolecule transport ...

2nd Gen AMD EPYC processors set new standard for the modern data centre with record-breaking performance and significant TCO savings ...

HPE ProLiant shatters 37 world records ...

Cray awarded contracts with the U.S. Army Research Laboratory and the Army Engineering and Research Development Center ...

Cray Shasta supercomputer to power weather forecasting for the U.S. Air Force ...

GRC partners with Prasa to bring liquid immersion cooling to data centres in India ...

Excelero debuts Excelero NVEdge, software for creating NVMe All Flash Arrays (NAFA) from high-availability (HA) servers ...

Excelero honoured with Flash Memory Summit 2019 Best of Show Award for third year in a row ...

Simulation technique can predict microstructures of alloy materials used in jet engines - before they are made ...

Supermicro now offering AMD EPYC 7002 series processor-based systems to customers who want to transform their data centres ...

Boston now offers AMD EPYC 7002 series processor-based systems to customers ...

Lenovo and Intel announce multiyear global collaboration to extend HPC and AI leadership ...

Xilinx expands Alveo portfolio with industry's first adaptable compute, network and storage accelerator card built for any server and any Cloud ...

Penguin Computing expands Altus product family with AMD EPYC 7002 series processor-based systems, reaching new levels of data centre performance ...

Applications

Stanford researcher develops data standards for brain imaging and applies rigorous computational methods to work ...

HPE advances its intelligent data platform with acquisition of MapR business assets ...

Turbulence meets a shock ...

The Cloud

UC San Diego, UC Berkeley, and University of Washington announce 'CloudBank' Award ...