Last $9.43 USD
Change Today -1.18 / -11.12%
Volume 999.3K
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

silicon graphics internation (SGI) Key Developments

SGI Completes $70 Million Three and Half Year Term Loan Financing

SGI announced that it has completed a $70 million three and a half year term loan financing. The proceeds will be used to fund working capital for large, recently-awarded customer contracts, to retire the company's existing revolver, and for general corporate purposes. The term loan will bear interest at LIBOR plus 9.00% with a LIBOR floor of 1.00%. Morgan Stanley Senior Funding Inc. acted as sole lead arranger and bookrunner.

Silicon Graphics International Corp. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended Dec. 31, 2014; Provides Earnings Guidance for the Third Quarter and Second Half of Fiscal 2015

Silicon Graphics International Corp. announced unaudited consolidated earnings results for second quarter and six months ended Dec. 31, 2014. For the quarter, the company reported revenue of $138,150,000, loss from operations of $10,004,000, loss before taxes of $10,309,000, net loss of $10,438,000 or $0.3 per diluted share, non-GAAP net income of $103,000 compared to the revenue of $116,060,000, loss from operations of $14,892,000, loss before taxes of $13,253,000, net loss of $13,684,000 or $0.4 per diluted share, non-GAAP net loss of $6,818,000 or $0.2 per share for the same quarter a year ago. Net capital expenditure was $1 million. For the year to date, the company reported revenue of $249,851,000, loss from operations of $20,114,000, loss before taxes of $20,318,000, net loss of $20,771,000 or $0.6 per diluted share, non- GAAP net loss of $4,874,000 or $0.14 per share compared to the revenue of $263,579,000, loss from operations of $22,082,000, loss before taxes of $20,147,000, net loss of $20,507,000 or $0.6 per diluted share, non- GAAP net loss of $5,534,000 or $0.16 per share for the same period a year ago. The company expects total revenue for its fiscal third quarter ending March 27, 2015 to be in the range of $120 million to $130 million. GAAP net loss for the fiscal third quarter is expected to be in the range of $5 to $9 million, or $0.15 to $0.25 loss per share. After excluding approximately $5 million of adjustments for stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items, non-GAAP net loss for the quarter is expected to be in the range of breakeven to $4 million, or $0.00 to $0.10 loss per share. The company expects total revenue for the second half of fiscal 2015 to be in the range of $290 to $310 million, which represents growth of 16% to 24% over the first half of fiscal 2015, and growth of 9% to 16% over the comparable period last year. The company expects total revenue for its fiscal year ending June 26, 2015 to be in the range of $540 million to $560 million, reflecting annual core revenue growth of approximately 8% to 12%.

City University of New York Selects Silicon Graphics International Corp. to Power Major Research Projects

Silicon Graphics International Corp. (SGI) announced that the City University of New York (CUNY) has selected SGI to support the university's interdisciplinary research and educational activities through SGI's platinum partner Comnetco Inc. To ensure its broad base of university researchers maintain the computational power needed to solve the complex graph theory problems they face, CUNY selected to upgrade its infrastructure to the SGI(r) UV(TM) 300 advanced symmetric multiprocessing (SMP) system, configured with 32 sockets and 384 cores using Intel(r) Xeon(r)E7-8857 v2 processors, 12 terabytes (TB) of cache-coherent shared memory, and eight NVIDIA(r) Kepler GPUs. With a combination of the SGI NUMAlink(r) 7 interconnect in a new all-to-all topology, the SGI UV 300 provides unprecedented gains in both high bandwidth and ultra-low latency in-memory computing for high performance data analytics applications.

Silicon Graphics International Corp. to Report Q2, 2015 Results on Jan 28, 2015

Silicon Graphics International Corp. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Jan 28, 2015

Silicon Graphics International Corp., Q2 2015 Earnings Call, Jan 28, 2015

Silicon Graphics International Corp., Q2 2015 Earnings Call, Jan 28, 2015

 

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