Last $29.87 USD
Change Today -1.05 / -3.40%
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cray inc (CRAY) Key Developments

Stalprodukt S.A. Selects Cray XC30 Supercomputer for Modeling Steel Designs

Cray Inc. announced that Stalprodukt S.A. purchased a Cray XC30 supercomputer for structural analysis modeling used in the testing of steel designs. This continues the company's worldwide expansion and is the first Cray XC supercomputer in Poland. To meet Stalprodukt S.A.'s requirements, the company delivered a Cray XC30 supercomputer with LS-DYNA pre-installed, configured and ready for production simulations. The LS-DYNA software package is developed by the Livermore Software Technology Corporation (LSTC), and Stalprodukt S.A. is using the program to run advanced multi-physics simulations for its grain oriented electrical steels, cold-formed sections, road barriers and toroidal cores. The Cray XC series of supercomputers are ideally suited for computation-intensive, non-linear structural analyses required by industrial manufacturers. The systems feature a massively parallel processing (MPP) architecture that produces a more capable and scalable supercomputer, which is able to address a broad range of user communities. The Cray XC series is targeted at scientists, researchers, engineers and analysts across commercial and academic fields.

Cray Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Cray Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. Revenue for the fourth quarter was $261.9 million, compared to $307.4 million in the fourth quarter of 2013. The company reported net income for the fourth quarter of $74.6 million, or $1.84 per diluted share, compared to net income of $51.0 million, or $1.27 per diluted share in the prior year period. Non-GAAP net income was $40.3 million, or $0.99 per diluted share for the quarter, compared to non-GAAP net income of $59.2 million, or $1.48 per diluted share for the same period last year. Income from operations was $39.427 million against $61.735 million a year ago. Income before income taxes was $40.791 million against $60.226 million a year ago. For 2014, Cray reported total revenue of $561.6 million, which compares with $525.7 million for 2013. Net income for 2014 was $62.3 million, or $1.54 per diluted share, compared to $32.2 million, or $0.81 per diluted share for 2013. Net income results for 2014 benefited from a $52.6 million income tax benefit which resulted from a reduction of substantially all of the valuation allowance held against Cray's U.S. deferred tax assets. This reduction was determined after considering both past financial results and future expectations for profitability. Non-GAAP net income, which adjusts for selected unusual and non-cash items, such as the reduction of the valuation allowance, was $24.3 million, or $0.60 per diluted share for 2014, compared to $30.3 million, or $0.76 per diluted share for 2013. Income from operations was $9.200 million against $21.650 million a year ago. Income before income taxes was $9.697 million against $21.029 million a year ago. For 2015, while a wide range of results remains possible, the Company anticipates revenue for the year to be in the range of $715 million. Revenue is expected to ramp quarterly during 2015, with about $80 million in the first 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%. The company's 2015 effective non-GAAP tax rate is expected to be about 10%.

Cray Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-09-2015 08:35 AM

Cray Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-09-2015 08:35 AM. Venue: The Westin St. Francis, San Francisco, California, United States. Speakers: Paul Hiemstra, Treasurer & IR, Peter J. Ungaro, Chief Executive Officer, President and Director.

Cray Inc. to Report Q4, 2014 Results on Feb 11, 2015

Cray Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 11, 2015

Cray Inc., Q4 2014 Earnings Call, Feb 11, 2015

Cray Inc., Q4 2014 Earnings Call, Feb 11, 2015

 

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