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cray inc (CRAY) Details

Cray Inc., together with its subsidiaries, designs, develops, manufactures, markets, and services high-performance computing (HPC) systems. It offers a range of supercomputing systems, including Cray XC30/XC30-AC systems, Cray CS300-AC supercomputers, Cray CS300-LC supercomputers, Cray XK7/XK7m systems, and Cray XE6/XE6m systems. The company also provides the YarcData Urika data discovery appliance for large graph, unstructured, and irregular data mining problems. In addition, it offers storage and data management solutions, such as the Cray Sonexion storage systems, a Lustre appliance; Lustre by Cray for Data Direct Networks and NetApp; and Cray Tiered Adaptive Storage, a flexible storage and archiving solution that allows customers to transparently move data among fast, primary, and archival tiers. Further, the company provides custom engineering solutions for application or capacity related, special size dimension, weight, power, and cooling limitations, as well as for interface and integration requirements; and customer support services comprising hardware and software maintenance, applications support, installation project management, system installation and de-installation, site preparation, and technical training for its HPC systems, as well as ancillary services in application consulting, third-party software support, site engineering, on-site analysts for defined projects, and specialized training. It serves government agencies or funded research laboratories, academic institutions, and commercial entities in the United States, Canada, South America, Europe, Japan, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Tera Computer Company and changed its name to Cray Inc. in 2000. Cray Inc. was founded in 1987 and is headquartered Seattle, Washington.

1,042 Employees
Last Reported Date: 02/13/14
Founded in 1987

cray inc (CRAY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $478.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $352.5K
Senior Vice President of High Performance Com...
Total Annual Compensation: $375.0K
Vice President of Administration, General Cou...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

cray inc (CRAY) Key Developments

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.

Cray Inc. to Report Q3, 2014 Results on Oct 28, 2014

Cray Inc. announced that they will report Q3, 2014 results at 1:30 PM, Pacific Standard Time on Oct 28, 2014


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