Cray will realise 'substantial' loss. But Shasta minute, folks, big iron market will pick up

www.theregister.co.uk | 1/16/2019 | Staff
KimmyPoo (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2018/10/31/cray_shasta.jpg

Supercomputing remains a tough place to do business, with Cray warning investors that it expects to report a siginifican net loss for both 2018 and this financial year.

Today's announcement included the prediction that revenue in 2019 will grow “modestly” over a preliminary result of around $450m in 2018 (compared to a full-year 2017 revenue of $392.5m and loss of $133.8m).

World - Revenue - Quarter - Q1 - HPC

Telling the world it would bag predicted revenue of just $70m in the coming quarter (Q1 2019) also didn't send the HPC specialist's stock price tumbling: at the time of writing the company's shares were trading up slightly to $22.31, compared to $21.93 at opening.

That $70m predicted for the coming quarter compares to $79m for Q1 2018, a quarter in which the company delivered a $25m net loss.

Cray - Days - Revenue

Cray must be nostalgic for the heady days of 2015, when revenue...
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