Feeds

SGI sees red

Couldn't close the deals, says Bishop

  • alert
  • submit to reddit

Intelligent flash storage arrays

SGI lost $45m in the most recent quarter, and offered the same reason IBM gave for its poor results last week.

Gross revenue in Q3 FY2005 was $159m, down from $212 million a year ago, when it reported an $8m loss. Product revenue was down $39m year on year to $78.7m.

CEO Bob Bishop echoed IBM chief Sam Palmisano for the poor performance. "Several major server and storage orders failed to close at the end of the quarter," he said in a statement.

SGI's recent history is one of steep losses and savage restructuring. Less than two years ago SGI was aiming for quarterly revenues of around $240m, while four years ago it was pulling in $500 million a quarter. Six years ago it was netting $760m a quarter.

The bad news, which the company had trailed earlier in the month, pushed SGI shares below $1. ®

Related stories

Intel misses Itanium sales mark by $26.6bn
Major server vendors in giant, supercomputing cluster cluck
SGI renders graphics kit full of Linux tools

Beginner's guide to SSL certificates

More from The Register

next story
729 teraflops, 71,000-core Super cost just US$5,500 to build
Cloud doubters, this isn't going to be your best day
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.