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Last $6.32 USD
Change Today -0.15 / -2.32%
Volume 289.1K
SGI On Other Exchanges
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As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

silicon graphics internation (SGI) Key Developments

SGI Signs OEM Agreement with Red Hat, Inc

SGI, announced the signing of an OEM agreement with Red Hat, Inc. This agreement enables SGI's world-class service organization to provide support of Red Hat Enterprise Linux (RHEL) to customers across SGI's full product line. This means that customers who choose RHEL can call SGI directly for any RHEL support they may require for their platform. Built entirely on fully supported Linux operating systems, SGI's software allows users to achieve optimum application performance, system resiliency and management efficiency. Under the terms of the agreement, SGI will provide even broader support for HPC solutions.

SGI Signs OEM Agreement with Red Hat

SGI, announced the signing of an OEM agreement with Red Hat Inc., the world's leading provider of open source solutions. This agreement enables SGI's world-class service organization to provide support of Red Hat Enterprise Linux (RHEL) to customers across SGI's full product line. This means that customers who choose RHEL can call SGI directly for any RHEL support they may require for their platform. Built entirely on fully supported Linux operating systems, SGI's software allows users to achieve optimum application performance, system resiliency and management efficiency. Under the terms of the agreement, SGI will provide even broader support for HPC solutions.

Idaho National Laboratory Selects Silicon Graphics International Corp. to Power Nuclear Energy Research

Silicon Graphics International Corp. announced that through a competitive bid Idaho National Laboratory has selected the company to support its energy research and simulations, through SGI's valued partner ComnetCo Inc. The SGI(r) ICE(TM) X system is exclusive to the laboratory, and is currently deployed in its high performance computing (HPC) center. In order to enhance its data-intensive nuclear reactor simulations, INL purchased a 684-node SGI ICE X cluster. The cluster incorporates the Intel(r) Xeon(r) Processor E5-2600 v3. The cluster will deliver 511 trillion floating point operations per second on the standard TOP500 benchmark suite. The SGI ICE X integrated cluster architecture will deliver high uptime as it incorporates very few cables, reducing complexity and overhead. In addition to promising high availability, the system is very modular, easy to maintain and install, and efficient to cool - utilizing SGI's water cooling system, which includes water cooled rear doors on the computer racks.

Silicon Graphics International Corp. Announces Resignation of Jennifer W. Pileggi as Senior Vice President, General Counsel and Secretary, Effective May 22, 2015

On May 11, 2015, Silicon Graphics International Corp. announced that Jennifer W. Pileggi that she would be resigning her position as Senior Vice President, General Counsel and Secretary of the company, effective May 22, 2015, to pursue another opportunity.

Silicon Graphics International Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 27, 2015; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending June 26, 2015

Silicon Graphics International Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended March 27, 2015. For the quarter, the company reported revenue of $118,504,000 compared to $124,283,000 a year ago. Loss from operations was $6,445,000 compared to $21,802,000 a year ago. Loss before income taxes was $8,634,000 compared to $21,310,000 a year ago. Net loss was $8,762,000 or $0.25 per basic and diluted share compared to $21,858,000 or $0.64 per basic and diluted share a year ago. Non-GAAP net loss was $3,364,000 or $0.10 per share compared to $7,397,000 or $0.22 per share a year ago. Total core revenue was $117,534,000 compared to $122,228,000 a year ago. Non-GAAP EBITDA in the third quarter was a positive $1 million, while net capital expenditures were $2 million. For the nine months, the company reported revenue of $368,355,000 compared to $387,862,000 a year ago. Loss from operations was $26,559,000 compared to $43,884,000 a year ago. Loss before income taxes was $28,952,000 compared to $41,457,000 a year ago. Net loss was $29,533,000 or $0.86 per basic and diluted share compared to $42,365,000 or $1.24 per basic and diluted share a year ago. Non-GAAP net loss was $8,238,000 or $0.24 per share compared to $12,931,000 or $0.38 per share a year ago. The company expects total revenue for its fiscal fourth quarter ending June 26, 2015 to be in the range of $130 million to $145 million. The company expects non-GAAP net loss for the fiscal fourth quarter is expected to be in the range of $4 to $8 million, or $0.12 to $0.24 per share after excluding approximately $5 million of recurring adjustments for stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items. GAAP net loss for the fiscal fourth quarter to be in the range of $9 to $13 million, or $0.26 to $0.38 per share. The company expects total revenue for its fiscal year ending June 26, 2015 to be in the range of $500 million to $515 million.

 

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