silicon graphics internation (SGI) Key Developments
SGI Announces Availability for the New Intel Xeon Processor E5-2600 v3 Server Line for High Performance Computing
Sep 8 14
SGI announced availability for the new Intel Xeon Processor E5-2600 v3 server line for high performance computing. SGI also achieved performance world records for Intel's newest processor, which is SGI's fourth title for new Intel releases. Featured on SGI ICE X, SGI InfiniteData Cluster and SGI Rackable servers, E5-2600 v3 processors further increase performance, energy efficiency, and security to enable greater innovation and insight for SGI's broad range of customers. The new Intel Xeon processor E5-2600 v3 product family is designed to deliver the best combination or performance, efficiency, and cost-effectiveness. New SPEC MPI2007 world records using the ICE X system with E5-2690 v3 processor include: 80 chips, 960 cores, 800 ranks, SPECmpiM_2007 = 115; 256 chips, 3072 cores, 2560 ranks, SPECmpiL_base2007 = 84.9; The 2 socket SPECmpiM_base2007 result of 7.83 was the published result as of September 8, 2014. The ICE X system with E5-2690 v3 processors holds several best-in-class records: Best-in-class performance for SPEC MPIM2007 at 2, 4, 8, 16, 32, and 64 sockets based on the SPECmpiM_2007 metric; Best-in-class performance for SPEC MPIL2007 at 8, 16, 32, 64, and 128 sockets based on the SPECmpiL_base2007 metric. SGI ICE X and SGI Rackable server lines with Intel Xeon Processor E5-2600 v3 are available for order. InfiniteData Cluster servers with E5-2600 v3 processors will be available for order this fall.
Silicon Graphics International Corp. Opens New German Subsidiary
Aug 18 14
Silicon Graphics International Corp. has opened a new subsidiary called SGI GmbH that will operate as an SAP Center of Excellence in Heidelberg, Germany as part of a strategic move to more closely support SAP business initiatives. The Center, which will open by October 31, 2014 and will be led by SGI Chief Operating Officer, Cassio Conceicao, from the SGI corporate headquarters in Milpitas, CA will support key operations that further the SAP and SGI strategic partnership. Technical engineering resources will help keep SGI appliances with SAP HANA(r) up and running 24/7, year round. The Center will also focus on SAP-related business and application expertise to support SAP customers globally, designing new processes and optimizing current operations in the SAP environment. The new subsidiary will take responsibility for all go-to-market activities around SAP in Germany and Central Europe and will act as the technical hub for all SGI subsidiaries in developing SAP HANA solutions.
Silicon Graphics International Corp. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 03:55 PM
Aug 8 14
Silicon Graphics International Corp. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-13-2014 03:55 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States.
Silicon Graphics International Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 27, 2014; Provides Earnings Guidance for the Fiscal Year Ending June 26, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2015
Aug 6 14
Silicon Graphics International Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended June 27, 2014. For the quarter, the company reported revenue of $142.084 million compared to $170.532 million a year ago. Loss from operations was $10.963 million compared to $5.267 million a year ago. Loss before income taxes was $11.345 million compared to $5.525 million a year ago. Net loss was $10.449 million or $0.30 per basic and diluted share compared to $4.465 million or $0.13 per basic and diluted share a year ago. Non-GAAP net loss was $0.455 million or $0.01 per share compared to non-GAAP net income of $5.878 million or $0.17 per basic and diluted share a year ago. Net capital expenditures were $2 million, while depreciation and amortization expense was $3 million.
For the year, the company reported revenue of $529.946 million compared to $767.227 million a year ago primarily as a result of the company's strategic exit from legacy cloud infrastructure accounts and a decline in its Federal business. Loss from operations was $54.847 million compared to $13.654 million a year ago. Loss before income taxes was $52.802 million compared to $15.443 million a year ago. Net loss was $52.814 million or $1.54 per basic and diluted share compared to $2.820 million or $0.09 per basic and diluted share a year ago. Non-GAAP net loss was $13.386 million or $0.39 per share compared to non-GAAP net income of $12.161 million or $0.36 per basic and diluted share a year ago.
For the fiscal year ending June 26, 2015, the company currently expects revenue in the range of $525 to $575 million, reflecting core revenue growth of 5% to 15% for the full year. Revenue for the fiscal year is expected to be back-end loaded, with 40% to 45% of revenue in the first half of the year. On a GAAP basis, the company expects to report a loss for the year of $15 to $28 million, or $0.43 to $0.79 per share. The company expects to be profitable on a non-GAAP basis for the full year. Non-GAAP net income for the fiscal year is expected to exclude approximately $25 million of adjustments, including stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items.
For the fiscal first quarter, total revenue is expected to be in the range of $115 million to $125 million. GAAP net loss is expected to be in the range of $11 to $13 million, or $0.31 to $0.37 per share. Non-GAAP net loss is expected to be in the range of $4.5 to $6.5 million, or $0.13 to $0.19 per share. Non-GAAP net income is expected to exclude approximately $6 million of adjustments, including stock-based compensation expense, restructuring and severance costs, intangibles amortization and other items.
Silicon Graphics International Corp. to Report Q4, 2014 Results on Aug 06, 2014
Jul 10 14
Silicon Graphics International Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014