Cray Gets $188 Million Contract, Expects Profit in 2012

Cray Inc. (CRAY) finalized a contract with the University of Illinois, valued at $188 million.

The company expects to be profitable in 2012 and sees revenue for that year in the range of $340 million to $360 million.

To contact the reporter on this story: Maria Ermakova in London at mermakova@bloomberg.net

To contact the editor responsible for this story: Michelle E. Frazer at mfrazer@bloomberg.net

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