cray inc (CRAY) Key Developments
Cray Inc. Establishes EMEA Headquarters in Bristol, UK
Jun 24 15
Cray Inc. announced the establishment of its European, Middle East and Africa, or EMEA, headquarters at the company's new office in Bristol, UK. 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. Cray's new EMEA headquarters will serve as a regional base for its EMEA sales, service, training and operations, and as an important development site for worldwide R&D initiatives. The new headquarters will also provide the company with a centralized location for business engagements with new and existing customers.
Cray Inc. Adds Marty Homlish to its Board
May 5 15
Cray Inc. added a new board member, Marty Homlish. Marty is a great addition to the company, as he has held senior leadership roles with Sony, SAP and Hewlett-Packard and is currently the CEO of AMP.
Cray Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015; Provides Earnings Outlook for the Full Year 2015
May 5 15
Cray Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $79,644,000, loss from operations of $16,843,000, loss before income taxes of $15,735,000, net loss of $9,394,000 or $0.24 basic and diluted per share, non-GAAP net loss of $10.9,000 or $0.28 basic and diluted per share, compared to the total revenue of $55,110,000, loss from operations of $21,873,000, loss before income taxes of $22,458,000, net loss of $12,938,000 or $0.34 basic and diluted per share, non-GAAP net loss of $17.6,000 or $0.46 basic and diluted per share, for the same quarter a year ago.
The company announced full year earnings outlook for full year 2015. The company anticipates revenue for 2015 to be in the range of $715 million. Revenue is expected to ramp quarterly during 2015, with about $130 million in the second quarter and roughly 40-45% of the total year in the fourth quarter. Non-GAAP gross margin for 2015 is expected to be about 35%. Based on this outlook, The company expects to improve GAAP and non-GAAP operating profit margin significantly for 2015. The company's 2015 effective non-GAAP tax rate is expected to be in the range of 6%-10%.
Cray Inc. Names Nick Gorga to Vice President of Asia Pacific Sales
May 4 15
Cray Inc. announced the appointment of Nick Gorga to the position of vice president of sales for the Asia Pacific region. Prior to joining Cray, Gorga served as general manager, Asia Pacific at SGI and was responsible for leading the company's regional strategy and direction in countries that included Singapore, Malaysia, Korea, China, India, New Zealand and his native Australia. In his new position, Gorga joins Andrew Wyatt, Cray's vice president of operations in the Asia Pacific region. Gorga will oversee Cray's sales initiatives in the region and Wyatt is responsible for Cray's service, corporate and management functions across the Asia-Pacific organization.
Cray Inc. to Report Q1, 2015 Results on May 05, 2015
Apr 24 15
Cray Inc. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on May 05, 2015