Seattle supercomputer maker Cray Inc. reported its fourth quarter results today with a revenue of $188.8 million, up over 100 percent from the same time last year. The company reported $421 million for 2012, up 78 percent from last year.
Cray, which recently closed the acquisition of Appro, finished with a net income $161.2 million, or $4.27 per share, for 2012. As of Dec. 31, 2012, cash and investments totaled $323 million.
“We had a great year across the board in 2012, highlighted by the completion of the largest supercomputer and storage system in our company’s history,” CEO Peter Ungaro said in a press release. “We grew substantially in 2012, posting record revenue and operating profit for the year, and have put ourselves on a path to continue to grow faster than our overall market.”
Cray said it expects revenue of $500 million in 2013, once again expecting to turn a profit.