Key Developments: Cray Inc (CRAY.OQ)

CRAY.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Cray Inc Reaffirms FY 2013, 2014 Revenue Guidance
Monday, 6 Jan 2014 04:05pm EST 

Cray Inc:Says based on initial indications, the company completed the system acceptances necessary to achieve its previously provided FY 2013 guidance of revenue in the range of $520 million for the year.Says for FY 2014, while a wide range of results remains possible, the company is maintaining the outlook provided in its recent quarterly earnings release, which included expecting revenue to be in the range of $600 million for the year.FY 2013 revenue of $518 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $596 million - Thomson Reuters I/B/E/S.  Full Article

Cray Inc Receives $30 Million Contract To Expand The Cray Xc30 Supercomputer
Tuesday, 19 Nov 2013 03:01am EST 

Cray Inc announced that the Company has signed a contract with the University of Stuttgart to expand the Cray(R) XC30(TM) supercomputer, nicknamed "Hornet" at the University's High Performance Computing Center Stuttgart (HLRS). When the expansion is complete, Hornet will have a peak performance of more than seven petaflops (quadrillion mathematical calculations per second) of high performance computing (HPC) power and 2.3 petabytes of additional Cray file system storage for Lustre (CLFS). The Cray XC30 supercomputer at HLRS will serve as a supercomputing resource for researchers, scientists and engineers throughout Europe.  Full Article

Cray Inc Reaffirms FY 2013 Revenue Guidance; Issues FY 2014 Revenue Guidance Above Analysts' Estimates
Monday, 11 Nov 2013 04:05pm EST 

Cray Inc announced that for fiscal 2013, it expects revenue to be approximately $520 million. For fiscal 2014, it expects revenue to be in the range of $600 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $519 million for fiscal 2013 and revenue of $570 million for fiscal 2014.  Full Article

Cray Inc Raises FY 2013 Revenue Guidance; Issues Q3 2013 Revenue Guidance Below Analysts' Estimates
Wednesday, 31 Jul 2013 04:05pm EDT 

Cray Inc announced that it expect revenue to be approximately $520 million for fiscal 2013. Revenue in the third quarter 2013 is expected to be about $90 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $501 million for fiscal 2013 and revenue of $117 million for the third quarter of 2013.  Full Article

Cray Inc Secures $30 Million Contract To Install Cray XC30 Supercomputer For UK National Supercomputing Facility
Thursday, 25 Jul 2013 03:01am EDT 

Cray Inc. announced that the Company has been awarded a $30 million contract from the Engineering and Physical Sciences Research Council (EPSRC) to deliver a Cray XC30 supercomputer and a Cray Sonexion storage system to the University of Edinburgh in Scotland as part of the ARCHER project. Consisting of products and multi-year services, the contract is valued at approximately $30 million in total revenue and the system is expected to be delivered and put into production in 2013.  Full Article

Rogue Wave Software And Cray Inc Expand Strategic Alliance
Wednesday, 17 Jul 2013 07:00am EDT 

Rogue Wave Software announced the launch of a distribution agreement as part of a longstanding alliance with Cray Inc. The new agreement enables Cray to directly offer Rogue Wave's debugger, TotalView, and optimization tool, ThreadSpotter, to customers around the world. This expanded alliance advances Rogue Wave's position as a provider of advanced software development tools for high-performance, parallel applications.  Full Article

Cray Inc Gets Supercomputer Contract From The European Centre For Medium-Range Weather Forecasts
Wednesday, 26 Jun 2013 03:01am EDT 

Cray Inc announced the European Centre for Medium-Range Weather Forecasts (ECMWF), selected a Cray XC30 supercomputer and Cray Sonexion storage for their next operational facility. The new Cray system will improve ECMWF's forecasting capabilities through increased resolution and model enhancements, as well as support ECMWF's research program.  Full Article

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.  Full Article

Cray Inc Secures $32 Million Contract to Upgrade Cray XC30 System at Swiss National Supercomputing Centre
Tuesday, 19 Mar 2013 02:00pm EDT 

Cray Inc announced that it has signed a contract with the Swiss National Supercomputing Centre (CSCS) to upgrade and expand its Cray XC30 supercomputer. When the upgrade and expansion is completed, the Centre's Cray XC system, nicknamed Piz Daint after a mountain in the Swiss Alps, will be the first petascale supercomputer in Switzerland. In September 2012, Cray announced it was awarded a contract to provide CSCS with a 750-teraflop Cray XC30 supercomputer and a Cray Sonexion storage system. Under the terms of this new contract, Cray will upgrade Piz Daint to include NVIDIA(R) Tesla K20X GPU accelerators. CSCS is the first customer to order a Cray XC supercomputer with NVIDIA GPUs. This contract is valued at more than $32 million, and the upgraded system is expected to be operational in 2014.  Full Article

Cray Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Comments On Quarterly 2013 Revenue Guidance
Thursday, 14 Feb 2013 04:05pm EST 

Cray Inc announced that for fiscal 2013, it expects revenue to be approximately $500 million. Revenue is expected to ramp quarterly during 2013 with roughly $70 million in the first quarter and about 45% of the annual revenue expected in the fourth quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $498 million for fiscal 2013; revenue of $60 million for first quarter of 2013; revenue of $90 million for second quarter of 2013; revenue of $123 million for third quarter of 2013; revenue of $223 million for fourth quarter of 2013.  Full Article

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