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February 14, 2013
16:10 EDTCRAYCray sees 2013 revenue $500M, consensus $498.17M
Cray said that while a wide range of results remains possible for 2013, it expects revenue to be approximately $500M for the year. Revenue is expected to ramp quarterly during 2013 with roughly $70M in Q1 and about 45% of the annual revenue expected in Q4. For 2013, overall gross margins are anticipated to be in the mid-30% range. Total operating expenses for 2013 are expected to be in the range of $160M. Based on this outlook, the company expects to be profitable for 2013.
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September 16, 2014
05:51 EDTCRAYCray awarded $13M supercomputer contract from KTH Royal Institute of Technology
Cray announced the company has been awarded a contract valued at more than $13M to provide the PDC Center for High Performance Computing at the KTH Royal Institute of Technology in Stockholm, Sweden with a next-generation Cray XC supercomputer. The Cray system will be one of the first petascale supercomputers in Sweden and Scandinavia, and will allow Swedish researchers and industrial collaborators to run complex simulations in areas such as climate modeling, fluid dynamics, neuroscience, plasma physics, materials science and molecular simulation. The Center's next-generation Cray XC system will also be available to researchers across Sweden and Europe via the Swedish National Infrastructure for Computing and as a Tier-1 resource in the Partnership for Advanced Computing in Europe project.
September 10, 2014
05:32 EDTCRAYCray appoints Steve Scott as Chief Technology Officer
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