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cray inc (CRAY) Key Developments

Cray Appoints Ryan Waite to Senior Vice President of Products

Cray Inc. announced the company has named Ryan Waite senior vice president of products. With more than 20 years of experience in big data, supercomputing and software at Amazon Web Services and Microsoft, Waite will be responsible for leading Cray's products division. Prior to joining Cray, Waite served as director of data services at Amazon Web Services where he was responsible for all aspects of its five big data services, including product management, engineering and operations. While at Amazon Web Services, Waite directed the Amazon Kinesis, AWS Fraud Detection, AWS Data Warehouse, AWS Metering and Tag Metadata teams.

Cray Receives $80 Million Contract from King Abdullah University of Science and Technology

Cray Inc. announced it has been awarded a contract to provide King Abdullah University of Science and Technology (KAUST) in Saudi Arabia with multiple Cray systems that span the company's line of compute, storage and analytics products. The contract with KAUST marks Cray's return to the Middle East for the first time in nearly 20 years. Cray will provide KAUST with a Cray(R) XC40(TM) supercomputer with DataWarp(TM) technology, a Cray(R) Sonexion(R) 2,000 storage system, a Cray Tiered Adaptive Storage (TAS) system and a Cray(R) Urika-GD(TM) graph analytics appliance. The Cray XC40 system at KAUST, named "Shaheen II," will be 25 times more powerful than its current system. Based in Thuwal, Saudi Arabia, KAUST is a global graduate-level university that is rapidly establishing its reputation as a top performing research university. Founded in 2009, it provides some of the world's best equipped laboratories and an unmatched range of instrumentation under one roof. From its start, KAUST has offered high performance computing, recognizing it as a key enabler of discovery across all fields of science. The Cray high performance storage solution at KAUST will include more than 18 petabytes of next-generation DataWarp and Sonexion 2,000 storage capacity, running at more than one terabyte per-second to DataWarp and 500 gigabytes per-second to Lustre, with TAS to manage the data through an integrated data archive. Management and operations are simplified through an appliance design with all storage components including software, storage and infrastructure. The Urika-GD system is a purpose-built, big data appliance for real-time data discovery using graph analytics. The appliance helps automate the surfacing of unknown relationships and non-obvious patterns in diverse data sets without the need for pre-modeling, partitioning or knowing all the queries in advance. The Urika-GD appliance at KAUST will include graph-optimized hardware that provides two terabytes of global shared memory, 64 massively-multithreaded graph processors supporting 128 threads/processor, and an RDF/SPARQL database optimized for the underlying hardware.

Cray Refreshes Storage Line with New Cray Sonexion 2000 System

Cray Inc. announced the launch of the Cray(R) Sonexion(R) 2000 system -- the latest addition to its line of scale-out Lustre(R) storage solutions. The new Sonexion system combines Cray's expertise in designing, scaling and managing end-to-end Lustre solutions with a unique architecture that allows for maximum scalability. Sonexion 2000 features 50% more performance and capacity than its predecessor in the same storage footprint, and provides more than 45 gigabytes-per-second of performance and two petabytes of useable capacity in a single rack. Reliability, availability and serviceability enhancements are bolstered by GridRAID, a new declustered parity protection system for Sonexion. GridRAID accelerates rebuild times by up to three-and-a-half times more than conventional hardware RAID6. Through Cray Cluster Connect, the Cray Sonexion 2000 works seamlessly with any Linux cluster. Available now, the Cray Sonexion 2000 system is a fully integrated, scale-out Lustre storage system designed for a broad range of supercomputing workloads. The system can scale throughput performance to nearly two terabytes-per-second in a single file system. Sonexion 2000 also features an increase in Scalable Storage Unit (SSU) useable capacity with up to 360TB per SSU.

Cray Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014, First Quarter 2015 and Full Year 2015

Cray Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $159,406,000 against $54,366,000 a year ago. Income from operations was $5,406,000 against loss from operations of $17,579,000 a year ago. Income before income taxes was $5,377,000 against loss before income taxes of $17,081,000 a year ago. Net income was $7,371,000 or $0.18 per diluted share against net loss of $11,025,000 or $0.29 per diluted share a year ago. Non-GAAP net income was $10.0 million against net loss of $13.5 million a year ago. Non-GAAP net income per common share was $0.25 against $0.35 loss per share a year ago. Non-GAAP operating income was $10.2 million against loss of $15.1 million a year ago. For the nine months, total revenue was $299,663,000 against $218,380,000 a year ago. Loss from operations was $30,227,000 against $40,086,000 a year ago. Loss before income taxes was $31,094,000 against $39,198,000 a year ago. Net loss was $12,315,000 or $0.32 per basic and diluted share against $18,785,000 or $0.50 per basic and diluted share a year ago. Non-GAAP net loss was $16.2 million against $28.9 million a year ago. Non-GAAP net loss per common share was $0.42 against $0.43 per share a year ago. Non-GAAP operating loss was $18.4 million against $32 million a year ago. For 2014, the company anticipates revenue to be in the range of $600 million for the year. Non-GAAP gross margin for 2014 is anticipated to be in the 33-34% range. Total non-GAAP operating expenses for the year are anticipated to be about $175 million. Based on this outlook, the company expects to be profitable on both a GAAP and non-GAAP basis for 2014. The company's 2014 effective non-GAAP tax rate is expected to be about 10%. For the first quarter of 2015, the company expects revenue to be $50 million. For 2015, the company expects to improve GAAP and non-GAAP operating profit margin.

Cray Inc. Receives $128 Million Supercomputer Contract from the UK's Met Office

Cray Inc. announced the company has been awarded a contract to provide the Met Office in the United Kingdom with multiple Cray XC supercomputers and Cray Sonexion storage systems. Consisting of three phases spanning multiple years, the $128 million contract expands Cray's significant presence in the global weather and climate community, and is a large supercomputer contract ever for Cray outside of the United States. In their final configurations, which will include Cray(R) XC40(TM) systems as well as next-generation Cray XC systems with current and future Intel(R) Xeon(R) processors, the Cray supercomputers at the Met Office will have 13 times more supercomputing power than its current systems. The Met Office will use its new Cray supercomputers and storage systems for operational weather prediction and climate research. The Cray XC40 supercomputers are engineered to meet the performance challenges of today's most demanding high performance computing (HPC) users. Special features of the Cray XC40 supercomputers include: the Aries system interconnect; a Dragonfly network topology that frees applications from locality constraints; DataWarp applications I/O accelerator technology; innovative cooling systems to lower customers' total cost of ownership; the next-generation of the scalable, high performance Cray Linux Environment supporting a wide range of applications; Cray's HPC optimized programming environment for improved performance and programmability, and the ability to handle a wide variety of processor types in a tightly-integrated system infrastructure. The next-generation Cray Sonexion storage solution will be delivered in phases and, all total, will include more than 20 petabytes of storage capacity, running at speeds of more than 1.5 terabytes per-second of bandwidth. Cray's Sonexion storage system combines Cray's Lustre expertise tightly integrated in a unique design that allows for maximum scalability. Management and operations are simplified through an appliance design with all storage components including software, storage and infrastructure. Consisting of products and services, the multi-year, multi-phase contract is valued at more than $128 million at current exchange rates. Multiple system deliveries are expected between 2014 and 2017, with the major deliveries expected between 2015 and 2017.


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