Fresh off its whopping $128 million contract with the U.K. weather agency Met Office, Seattle supercomputer maker Cray Inc. posted strong results for the quarter ended Sept. 30. The company reported revenue of $159.4 million, up from $54.4 million during the third quarter last year. Net income was $7.4 million, compared to a net loss of $11 million for the same period last year.
“We had a strong quarter, led by the completion of one of our largest systems ever in Europe at the European Centre for Medium-Range Weather Forecasts,” said Peter Ungaro, president and CEO of Cray. “We’re on a strong run of new contract awards, including winning the largest international contract we’ve ever been awarded at the Met Office in the UK, and we’re on pace to have another record year. We’re also in the middle of refreshing our entire product line top-to-bottom in the second half of 2014, with recent updates to our flagship XC supercomputer and CS cluster system, a new data analytics solution in our Urika family and an upgrade to our Sonexion storage solution on the way. While we still have work left to do in the fourth quarter, I’m pleased with where we stand and in our ability to deliver strong results again this year, continuing our growth and momentum in the exciting supercomputing and big data markets.”
Shares of Cray were up nearly nine percent today.
Full release here.
