Silicon Graphics International Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended March 29, 2013. For the quarter, the company reported total revenue of $233 million, which compares with $171 million in the previous quarter and $199 million in the third fiscal quarter of 2012. GAAP net income was $9 million, or $0.27 per diluted share, which compares with net income of $1 million, or $0.03 per diluted share, in the prior quarter, and a net loss of $1 million, or $(0.04) per diluted share, in the third quarter of fiscal 2012. Non-GAAP net income was $6 million, or $0.18 per diluted share, which compares with non-GAAP net income of $3 million, or $0.10 per diluted share, in the prior quarter and non-GAAP net income of $4 million, or $0.11 per diluted share, in the year-ago period. GAAP net income includes the impact of an $8 million tax-related benefit, which is excluded from the non-GAAP results. Income from operations was $1.5 million against loss from operations of $1.5 million a year ago. Income before income taxes was $1.1 million against loss before income taxes of $0.7 million a year ago. Non-GAAP EBITDA was $9.3 million against $6.5 million a year ago. The company ended the quarter with $153 million of cash and no debt, an increase of $25 million over the prior quarter and up $75 million from a year ago. Capital expenditures were $1 million. For the nine months, the company reported total revenue of $596.7 million against $573.5 million a year ago. Loss from operations was $8.4 million against $5.8 million a year ago. Loss before income taxes was $9.9 million against $6.2 million a year ago. Net income was $1.6 million or $0.27 per diluted share against net loss of $6.1 million or 0.19 per diluted share a year ago. Non-GAAP net income was $6.3 million or $0.19 per share against $7.1 million or 0.22 per share a year ago. The company provided earnings guidance for the fourth quarter ending June 28, 2013. For the quarter, the company expected revenue is to be $170 million to $185 million. GAAP net loss per diluted share is expected to be in the range of $0.34 to $0.29, and is expected to reflect approximately $16 million of total adjustments, including restructuring and severance charges, stock-based compensation expense, and intangibles amortization. Non-GAAP net income per diluted share is expected to be $0.12 to $0.17 and is expected to exclude the $16 million of total adjustments. Assuming the midpoint of guidance for fourth quarter, for the full 2013 fiscal year, the company expected to deliver more than $0.30 per share non-GAAP on revenue of approximately $775 million. The company believed it well-positioned to achieve midterm operating margin target of at least 5% exiting calendar 2013, as well as $1 per share of annualized non-GAAP earnings power when reach the midterm target.

Silicon Graphics International Corp. announced that iVEC and the Commonwealth Scientific and Industrial Research Organisation (CSIRO) have selected SGI to provide the massive data management infrastructure at the Pawsey Supercomputing Centre. The centre is part of the Australian Government Super Science Initiative to support the Australian Square Kilometre Array Pathfinder (ASKAP) and the Murchison Widefield Array (MWA) radio astronomy facility. The Pawsey Centre will process huge volumes of data. The two large generators of data are expected to be the Australian Square Kilometre Array Pathfinder (ASKAP), and the Murchison Widefield Array (MWA) project, which studies the signals from the dynamic radio sky as well as measurements of the Sun and heliospheric plasma. These initiatives will expand understanding of the universe and drive technological development worldwide. It is anticipated that these two projects combined will generate eight petabytes of data each year, all of which will flow through the Pawsey Centre. When adding in data from other research areas, such as geothermal modeling and rock characterisation, iVEC forecasts supporting data volumes at approximately ten petabytes annually for the foreseeable future. To manage such volumes, CSIRO selected an SGI(r) InfiniteStorage(tm) and SGI(r) UV(tm) 2000 based solution to address the scale and cost-efficiency requirements for a project of this magnitude. The SGI InfiniteStorage solution comprises disk storage systems and licences to support up to 100 petabytes of online storage that is virtualized across multiple performance tiers by SGI(r) DMF(tm) software, with data ingest and workflow managed by SGI(r) LiveArc(tm). The system's six petabytes of primary storage is virtualized to provide further flexibility and savings with an additional cache of SGI MAID, the company's energy-efficient zero-watt disk technology. This environment integrates with 40 petabytes of data tape libraries and provides expansion capabilities to support a seamless 100-petabyte hierarchical storage management (HSM) online environment. Beyond big data management and storage, the SGI UV 2000 solution delivers both big data analysis and visualization capabilities. Working as a set of data-analysis engines to move and process huge amounts of data very quickly, the SGI UV 2000 can be incorporated into an array of different workflows to provide pre- and post- processing for a range of scientific applications. The versatility of the SGI UV 2000 allows the Pawsey Centre to deliver extremely powerful big data visualization capabilities, enabling its researchers to view and manipulate vast amounts of data in new ways. This new technology will allow the Pawsey scientists to visualize images in the order of four terabytes, an order of magnitude greater than the size of images previously available, which in turn provides a quicker path to results and interactions. The Pawsey Centre is expected to be fully operational and in production by October 2013, with users gaining early access before June. It is anticipated that the first component to be heavily used will be the SGI InfiniteStorage based HSM as the radio-astronomy community moves into the final testing phase for their apparatus and begins to stream significant volumes of data. The SGI UV 2000 based data-analysis engines and visualisation systems are expected to come online shortly thereafter.

Silicon Graphics International Corp. Presents at JMP 12th Annual Research Conference, May-13-2013 11:30 AM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.