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Primeur weekly 2016-11-14

Exascale supercomputing

Berkeley Lab to lead AMR co-design centre for DOE's Exascale Computing Project ...

Exascale Computing Project announces $48 million to establish Exascale co-design centres ...

US Exascale Computing Project awards $34 million for software development ...

Quantum computing

Breakthrough in the quantum transfer of information between matter and light ...

Focus on Europe

European Commission reveals its forthcoming call for energy efficient, high performance processors ...

World-leading HPC centres partner to form accelerated computing institute ...

Atos Bull to boost Dutch research at SURFsara with first Bull sequana supercomputer installed ...

Middleware

Allinea tools yield a 50% speed up for genome applications at the Earlham Institute ...

NERSC's 'Shifter' scales up to more than 9,000 Cori KNL processors ...

DDN's Big Data storage provides Aalto University ample capacity and fast access to vital research data ...

DDN unveils industry's fastest multi-level security Lustre solution ...

DDN delivers new burst buffer appliance and updates block and file appliances, completing total product line refresh ...

Atos Bull tackles storage bottlenecks for High Performance Computing ...

Cycle Computing debuts the newest version of its groundbreaking CycleCloud ...

Hardware

University of Toronto selects CoolIT Systems to liquid cool signal processor for CHIME project ...

CoolIT Systems optimizes Trade and Match solution with custom closed-loop liquid cooling ...

SDSC to host high-speed, large data transfer experiment at SC16 Show ...

Cray XC40 "Theta" supercomputer accepted at Argonne National Laboratory ...

Cray launches next-generation supercomputer: the Cray XC50 ...

Cray reports third quarter 2016 financial results ...

Mellanox drives Virtual Reality to new levels with breakthrough performance ...

Mellanox announces 200Gb/s HDR InfiniBand solutions enabling record levels of performance and scalability ...

Computers made of genetic material? ...

CoolIT Systems to showcase best-in-class HPC liquid cooling offering at SC16 ...

Applications

BoschDoc, AHCODA-DB and OpenML winners of the Data Prize 2016 ...

Blue Waters simulates largest membrane channel made of DNA origami ...

Cray joins iEnergy, the oil and gas industry's foremost community for exploration and production ...

Large-scale computer simulations reveal biological growth processes ...

NASA science and technology advancements demonstrated at Supercomputing Conference ...

Unlocking big genetic datasets ...

Accelerating cancer research with deep learning ...

System opens up high-performance programming to non-experts ...

Studying structure to understand function within 'material families' ...

Chury is much younger than previously thought ...

TOP500

Global supercomputing capacity creeps up as Petascale systems blanket Top 100 ...

InfiniBand chosen by nearly 4x more end-users versus proprietary offerings in 2016 as shown on the TOP500 supercomputers list ...

The Cloud

SURFnet selects eight Cloud providers for Dutch education and research ...

Cray reports third quarter 2016 financial results

7 Nov 2016 Seattle - Cray Inc. has issued financial results for the third quarter ended September 30, 2016. All figures are based on U.S. GAAP unless otherwise noted. Revenue for the third quarter of 2016 was $77.5 million, which compares with $191.4 million in the third quarter of 2015. Net loss for the third quarter of 2016 was $23.0 million, or $0.58 per diluted share, compared to net income of $10.9 million, or $0.27 per diluted share in the third quarter of 2015. Non-GAAP net loss was $19.5 million, or $0.49 per diluted share for the third quarter of 2016, compared to non-GAAP net income of $19.5 million, or $0.48 per diluted share for the same period of 2015.

Overall gross profit margin on a GAAP and non-GAAP basis for the third quarter of 2016 was 30% and 31%, respectively. For the third quarter of 2015, GAAP and non-GAAP gross profit margin was 34% and 35%, respectively.

Operating expenses for the third quarter of 2016 were $52.1 million, compared to $47.9 million for the third quarter of 2015. Non-GAAP operating expenses for the third quarter of 2016 were $49.3 million, compared to $45.1 million for the third quarter of 2015.

As of September 30, 2016, cash, investments and restricted cash totaled $147 million. Working capital decreased in the third quarter of 2016 to $364 million compared to $381 million at the end of the second quarter.

"Our performance in the third quarter was highlighted by a number of new installations of supercomputers and storage systems worldwide", stated Peter Ungaro, president and CEO of Cray. "While market conditions remain challenging, we are beginning to see early signs of stabilization in certain areas, including in the energy market where we recently installed an additional XC system at PGS, and in the weather and climate market with a major win in the United States. Overall, while our visibility remains limited, our competitive position is strong and we're focused on delivering on our outlook for the rest of the year."

For 2016, a wide range of results remains possible. Assuming the company is able to successfully complete the acceptances of five large systems associated with two new processors that total roughly $185 million, the company expects revenue to be in the range of $620 million to $650 million. The company is still working through technical issues with these systems and the delays in third-party components outlined previously have compressed the timelines available to work through these issues. Significant risks remain to achieve these acceptances before year-end. To the extent that one or more of these system acceptances is not completed by the end of the year, the company expects that those acceptances would be completed in early 2017.

GAAP and Non-GAAP gross margin for the year is expected to be in the range of 34%. Non-GAAP operating expenses for the year are anticipated to be about $200 million. For 2016, GAAP operating expenses are anticipated to be about $11 million higher than non-GAAP operating expenses, and GAAP gross profit is expected to about $1 million lower than non-GAAP gross profit.

Actual results for any future periods are subject to large fluctuations given the nature of Cray's business.

Recent highlights include the following:

  • In November, the Department of Defense awarded Cray with a new contract for an XC40 supercomputer and three Sonexion storage systems. The Cray systems will be located at the U.S. Army Engineer Research and Development Center (ERDC) in Vicksburg, Mississippi. As the research organisation of the U.S. Army Corps of Engineers, ERDC conducts R&D in support of the soldier, military installations, and civil works projects, as well as for other federal agencies, state and municipal authorities, and with U.S. industry through innovative work agreements.
  • In October, PGS purchased a new 12-cabinet Cray XC supercomputer, adding to its existing industry leading Cray-based supercomputing platform. Along with an additional 2.8 petabytes of capacity added to its Cray Sonexion storage system, the new XC supercomputer will significantly expand PGS' seismic imaging capabilities.
  • In October, Baylor University selected the Cray CS400 cluster computer to serve as its primary high performance computing platform. Among other research initiatives, Baylor serves as a Compact Muon Solenoid (CMS) Tier 3 site for the European Organization for Nuclear Research, known as CERN. Baylor scientists analyze data gathered by the Large Hadron Collider in Geneva, Switzerland, in partnership with others around the globe as part of ongoing research into subatomic particles.
Source: Cray

Back to Table of contents

Primeur weekly 2016-11-14

Exascale supercomputing

Berkeley Lab to lead AMR co-design centre for DOE's Exascale Computing Project ...

Exascale Computing Project announces $48 million to establish Exascale co-design centres ...

US Exascale Computing Project awards $34 million for software development ...

Quantum computing

Breakthrough in the quantum transfer of information between matter and light ...

Focus on Europe

European Commission reveals its forthcoming call for energy efficient, high performance processors ...

World-leading HPC centres partner to form accelerated computing institute ...

Atos Bull to boost Dutch research at SURFsara with first Bull sequana supercomputer installed ...

Middleware

Allinea tools yield a 50% speed up for genome applications at the Earlham Institute ...

NERSC's 'Shifter' scales up to more than 9,000 Cori KNL processors ...

DDN's Big Data storage provides Aalto University ample capacity and fast access to vital research data ...

DDN unveils industry's fastest multi-level security Lustre solution ...

DDN delivers new burst buffer appliance and updates block and file appliances, completing total product line refresh ...

Atos Bull tackles storage bottlenecks for High Performance Computing ...

Cycle Computing debuts the newest version of its groundbreaking CycleCloud ...

Hardware

University of Toronto selects CoolIT Systems to liquid cool signal processor for CHIME project ...

CoolIT Systems optimizes Trade and Match solution with custom closed-loop liquid cooling ...

SDSC to host high-speed, large data transfer experiment at SC16 Show ...

Cray XC40 "Theta" supercomputer accepted at Argonne National Laboratory ...

Cray launches next-generation supercomputer: the Cray XC50 ...

Cray reports third quarter 2016 financial results ...

Mellanox drives Virtual Reality to new levels with breakthrough performance ...

Mellanox announces 200Gb/s HDR InfiniBand solutions enabling record levels of performance and scalability ...

Computers made of genetic material? ...

CoolIT Systems to showcase best-in-class HPC liquid cooling offering at SC16 ...

Applications

BoschDoc, AHCODA-DB and OpenML winners of the Data Prize 2016 ...

Blue Waters simulates largest membrane channel made of DNA origami ...

Cray joins iEnergy, the oil and gas industry's foremost community for exploration and production ...

Large-scale computer simulations reveal biological growth processes ...

NASA science and technology advancements demonstrated at Supercomputing Conference ...

Unlocking big genetic datasets ...

Accelerating cancer research with deep learning ...

System opens up high-performance programming to non-experts ...

Studying structure to understand function within 'material families' ...

Chury is much younger than previously thought ...

TOP500

Global supercomputing capacity creeps up as Petascale systems blanket Top 100 ...

InfiniBand chosen by nearly 4x more end-users versus proprietary offerings in 2016 as shown on the TOP500 supercomputers list ...

The Cloud

SURFnet selects eight Cloud providers for Dutch education and research ...