Cray Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015 and Revenue Guidance for the Third Quarter of 2015
Jul 30 15
Cray Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $186,161,000, income from operations of $9,632,000, income before income taxes of $9,787,000, net income of $5,781,000 or $0.14 diluted per share, non-GAAP net income of $12,400,000 or $0.30 diluted per share, compared to the total revenue of $85,147,000, loss from operations of $13,760,000, loss before income taxes of $14,013,000, net loss of $6,748,000 or $0.18 diluted per share, non-GAAP net loss of $8,600,000 or $0.22 diluted per share, for the same quarter a year ago. Non-GAAP operating income was $13.1 million against loss of $10.1 million a year ago.
For the six months, the company reported total revenue of $265,805,000, loss from operations of $7,211,000, loss before income taxes of $5,948,000, net loss of $3,613,000 or $0.09 diluted per share, non-GAAP net income of $1,400,000 or $0.04 diluted per share, compared to total revenue of $140,257,000, loss from operations of $35,633,000, loss before income taxes of $36,471,000, net loss of $19,686,000 or $0.51 diluted per share, non-GAAP net loss of $26,300,000 or $0.69 diluted per share, for the same quarter a year ago. Non-GAAP operating income was $0.2 million against loss of $28.7 million a year ago.
The company anticipates revenue for 2015 to be in the range of $715 million. Non-GAAP gross margin for 2015 is expected to be in the 30-33% range. Based on this outlook, the company expects to improve GAAP and non-GAAP operating profit margin significantly for 2015 as compared to 2014. 2015 effective non-GAAP tax rate is expected to be in the range of 6-10%.
Revenue for the third quarter of 2015 is expected to be approximately $140 million.
Cray Inc., Q2 2015 Earnings Call, Jul 30, 2015
Jul 23 15
Cray Inc., Q2 2015 Earnings Call, Jul 30, 2015
Cray Inc. Wins Contract Worth Up to $53 million
Jul 21 15
Cray Inc. announced the Bureau of Meteorology in Australia has awarded the company a contract worth up to $53 million to provide a Cray(r) XC40(TM) supercomputer and a Cray Sonexion(r) 2000 storage system. This further strengthens Cray's leadership position in the global operational weather and climate community as an increasing number of the world's centers rely on Cray supercomputers to run their complex meteorological and mission critical models. With headquarters in Melbourne and offices in each Australian state capital city, the Bureau of Meteorology is Australia's national weather, climate and water agency. Its expertise and services assist Australians to better manage the impacts of their natural environment, including drought, floods, fires, storms, tsunami and tropical cyclones. Through regular forecasts, warnings, monitoring and advice spanning the Australian and Antarctic region, the Bureau provides one of the most fundamental and widely used services of government. This contract marks a return of Cray systems to the Bureau, which in the past ran its weather models on earlier generation Cray(r) X-MP(TM) and Cray(r) Y-MP(r) supercomputers. With the Bureau's new Cray XC40 supercomputer, researchers and scientists will have the computational resources to run nearly eight times as many more daily forecasts than their current system with five times the improvement in global model resolution. Cray XC40 supercomputers are engineered to meet the performance challenges of most demanding HPC users. Special features of the Cray XC40 supercomputer include: the Aries system interconnect; a Dragonfly network topology that frees applications from locality constraints; optional DataWarp applications I/O flash SSD accelerator technology; innovative cooling systems to lower customers' total cost of ownership; the next-generation of the scalable, high performance and tightly integrated Cray Linux Environment that supports a wide range of applications; Cray's HPC optimized programming environment for improved performance and programmability, and the ability to handle a wide variety of processor types, including Intel(r) Xeon(r) processors, Intel(r) Xeon Phi(TM) coprocessors, and NVIDIA(r) Tesla(r) GPU accelerators. The Cray Sonexion 2000 storage at the Bureau will be delivered in phases and, all total, will include more than 12 petabytes of high performance storage capacity. Cray's Sonexion storage system combines Cray's Lustre(r) expertise with a tightly integrated, unique design that allows for maximum scalability and performance. Management and operations are simplified through an appliance design with all storage components including software, storage and infrastructure. Consisting of products and services, the multi-year, multi-phase contract includes contracted deliverables and options for future deliverables. If the options are exercised as expected, the total contract is valued at about $53 million, net of applicable taxes. The first phase of the contract is expected to be completed in 2016 and if exercised, the second phase is expected to be completed in 2019.