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Cray Inc Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates

Tuesday, 30 Apr 2013 04:05pm EDT 

Cray Inc announced that for fiscal 2013, it expect revenue to be approximately $500 million. Revenue is expected to ramp quarterly during 2013 with roughly $80 million in the second quarter and about 45% of the annual revenue expected in the fourth quarter. Non-GAAP adjustments to pre-tax earnings are anticipated to be over $10 million in 2013, driven by stock-based compensation and acquisition related expenses. Based on this outlook, we expect to be profitable on a GAAP and non-GAAP basis for fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $498 million for fiscal 2013. 

Company Quote

23 Jan 2015