Key Developments For Cray Inc.
Cray Inc. (CRAY.O) (Consolidated Issue listed on NASDAQ Global Market)
Cray Inc. Launches Integrated Workstation/Cluster
Cray Inc. announced the launch of the Cray CX1-iWSsystem, which combines a Microsoft Windows 7 workstation with a fully integrated high-performance computing (HPC) cluster running Microsoft Windows HPC Server 2008.
Cray Inc. Lowers FY 2009 Revenue Outlook; Comments On FY 2009 EBIT Outlook; Comments On FY 2010 Outlook
Cray Inc. announced that for fiscal 2009, it now expects revenue in the range of $285 million, including about $90 million in service revenue and modest operating income (EBIT). For fiscal 2010, it expects revenue to continue to grow, perhaps modestly, and expects to be profitable. According to Reuters Estimates, analysts were expecting the Company to report revenues of $289 million and EBIT of $8 million for fiscal 2009 and revenues of $314 million and net profit of $15 million for fiscal 2010.
Cray Inc. Receives Supercomputer Contract From The Korea Meteorological Administration Valued At More Than $40 Million
Cray Inc. announced that it has signed a multi-year, multi-phase contract to provide the Korea Meteorological Administration (KMA) with a supercomputer. Valued at more than $40 million, the award is one of the largest in the area of operational numerical weather prediction in the world to-date, and will provide KMA with the necessary supercomputing, storage and data management technologies.
Cray Inc. Acquires PathScale Compiler Suite Assets From SiCortex
Cray Inc. announced that it has acquired the PathScale Compiler Suite assets from SiCortex. Financial terms of the deal were not disclosed.
Cray Inc. Updates FY 2009 Guidance To A Range Above Analysts' Estimates; Issues Q4 2009 Revenue Guidance Above Analysts' Estimates; Comments On FY 2010 Guidance
Cray Inc. announced that for fiscal 2009, it expects revenue in the range of approximately $290 million. Included in this revenue outlook is over $90 million of service revenue, up substantially year over year due to strong forecasted growth from custom engineering activities. Results for the year include approximately $6 million of stock-based compensation. Based on the above current revenue, margin and expense assumptions, a modest income from operations for fiscal 2009 is likely. The balance of the annual revenue target is expected to be weighted more heavily to the fourth quarter of 2009, which will likely have revenue of about $90 million. For fiscal 2010, it expects revenue to continue to grow, perhaps modestly, and expects to be profitable. According to Reuters Estimates, analysts were expecting the Company to report revenues of $263 million and EBIT of $(1.03) million for fiscal 2009; revenues of $65 million for fourth quarter of 2009; revenues of $304 million and EPS of $0.48 for fiscal 2010.
