silicon graphics internation (SGI) Key Developments
UK's Atomic Weapons Establishment Successfully Installs New SGI Supercomputer
Nov 17 15
SGI announced that the UK's Atomic Weapons Establishment (AWE) has completed installation of SGI's record-breaking high performance computing (HPC) system, SGI(r) ICE(TM) XA. The new system, comprised of two SGI ICE XA systems, integrates into AWE's existing production HPC system utilising two SGI ICE X systems. The new installation will significantly increase the organisation's supercomputing performance and enable AWE to further develop its complex scientific and technological capabilities, such as scientific modelling. AWE is responsible for the provision of nuclear warheads to support the UK's nuclear deterrent, Trident. This encompasses the initial concept, assessment and design of the warheads, through component manufacture and assembly, in-service support, decommissioning and then disposal.
Silicon Graphics International Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 25, 2015; Provides Earnings Guidance for the Full Year of 2015
Oct 28 15
Silicon Graphics International Corp. announced unaudited consolidated earnings results for the first quarter ended September 25, 2015. For the quarter, the company reported revenue of $126,307,000 against $111,701,000 a year ago. Loss from operations was $9,191,000 against $10,110,000 a year ago. Loss before income taxes was $11,323,000 against $10,009,000 a year ago. Net loss was $11,572,000 against $10,333,000 a year ago. Basic and diluted net loss per share was $0.33 against $0.30 a year ago. Non-GAAP net loss was $5,346,000 or $0.15 per share against $4,977,000 or $0.14 per share a year ago. Three large deals contributed to the first quarter results, including the second of the 2 large DoD awards.
For the full year of 2015, the company continues to expect, Revenue in the range of $600 to $625 million, or year-over-year growth of 15% - 20%; Non-GAAP gross margin between 26% and 27%; Non-GAAP operating expenses flat to down 5% year-over-year; Non-GAAP net income in the range of $0.25 to $0.35 per share after excluding approximately $17 million of adjustments; and GAAP net loss in the range of $0.11 to $0.21 per share.
Silicon Graphics International Corp. Announces Executive Changes
Oct 28 15
Silicon Graphics International Corp. announced that Robert J. Nikl, Chief Financial Officer and Executive Vice President of Finance, will be retiring from the company. Mr. Nikl has served as Executive Vice President of Finance and CFO since joining the company in May of 2012. Nikl will continue in his CFO role until the filing of the company's quarterly report for the fiscal first quarter of 2016, and will serve in an advisory capacity through the end of the calendar year. Concurrently, the company announced the appointment of Mekonnen Asrat to the position of Senior Vice President and CFO of the company . Mr. Asrat currently serves as Vice President, Finance, Corporate Controller and Principal Accounting Officer of the company and has been with the company since June 2012. As a result of his appointment to CFO, Mr. Asrat will be serving as both the Company's principal financial officer and principal accounting officer.
Silicon Graphics International Corp. Introduces SGI(r) UV(TM) 300RL
Oct 26 15
Silicon Graphics International Corp. announced that it has introduced the SGI(r) UV(TM) 300RL. A new model in the SGI UV server line certified and supported with Oracle Linux, SGI UV 300RL provides up to 32 sockets and 24 terabytes (TBs) of shared memory. The solution enables enterprises that have standardized on Intel-based servers to run Oracle Database In-Memory on a single system to help achieve real-time operations and accelerate data analytics at unprecedented scale. Utilizing a unique scale-up, single system design and proven ultra-low latency SGI technology, the SGI UV 300RL enables mixing transactional and analytic workloads while maintaining high performance for mission-critical applications. SGI UV 300RL allows large and growing environments to implement Oracle's innovative 'dual-format' architecture at greater scale to identify business trends in real-time, make faster, smarter decisions, and gain competitive advantage. For pure high volume analytics, the in-memory speed and single-system simplicity of the SGI UV 300RL can also deliver business insight orders of magnitude faster than conventional disk-based clustered systems and without the administrative cost. The SGI UV 300RL is an advanced symmetric multiprocessing (SMP) system that utilizes Intel(r) Xeon(r) E7 v3 processors (up to 180 million) coupled with seventh generation SGI NUMAlink(r) technology. The future-ready design scales up seamlessly from 4 to 32 sockets and 1 to 24TBs of cache-coherent shared memory. Highly robust RAS features make the SGI UV 300RL well equipped for mission-critical applications. Factory-installed with Oracle Linux 7 and rapidly deployed by SGI professional services, the system is ready for connection to enterprise storage and installation of Oracle Database 12c and Oracle Database In-Memory. The SGI UV 300L is available under early access in select global locations.
Silicon Graphics International Corp. Provides Earnings Guidance for the First Quarter Ended September 25, 2015
Oct 13 15
Silicon Graphics International Corp. provided earnings guidance for the first quarter ended September 25, 2015. The company expects first quarter revenue to be in the range of $124 to $126 million, and non-GAAP loss per share to be in the range of $0.15 to $0.17. GAAP net loss per share is expected in the range of $0.32 to $0.35.