Q2 wins drag Cray back into profit territory
Wins in India and Australia give suits confidence for strong performance throughout 2015
Cray Computer's commanding footprint in the high-performance computing (HPC) market has pitched the venerable vendor back into profitability.
In its Q2 2015 results announced Thursday, the company reported US$186.2 million in revenue and $5.8 million in profit, both well above what was reported for the same period in 2014, when it reported a loss of $6.7 million on revenue of $85.1 million.
In spite of the expanded revenue, the supercomputer-builder also managed to rein in costs from $42.8 million in Q2 2014 to $40 million for Q2 2015.
CEO and president Peter Ungaro tagged the delivery of an installation at the King Abdullah University of Science and Technology in Saudi Arabia as helping the performance in the quarter.
Ungaro added that wins in Australia (the Bureau of Meteorology last month anointed Cray to deliver its next super) and the US (at the Texas Advanced Computing Center) should result in strong growth for the whole of 2015.
The Oz Bureau of Meteorology contract is worth $53 million (AU$72.5 million).
The quarter also saw the commissioning of a 1.4 teraflop XC40 at the Supercomputing Education and Research Center at the Indian Institute of Science in Bangalore.
Cray is now predicting 2015 revenue in the vicinity of $715 million and hopes for non-GAPP operating margins in the order of 30-33 per cent. ®