Supercomputing company Cray had good news for investors today.
The Seattle-based firm brought in $261.9 million in revenue during the fourth quarter of 2014, above analyst expectations of $260 million in revenue. That’s down from $307.4 million in the year-ago quarter, though. Cray’s annual revenue hit a company record at $561.6 million, up from $525.7 million in 2013.
The company solidly beat profit expectations for the quarter, with net income of $40.3 million, translating into earnings of 99 cents a share. That’s 17 cents a share above analyst expectations for the quarter of 82 cents per share.
It’s a nice capstone to a busy fourth quarter for the company, which announced contracts from Saudi Arabia’s King Abdullah University of Science and Technology, the Department of Defense and the U.K.’s Met Office. In addition, Cray finally unveiled details of its new XC40 and CS400 supercomputer lines during the quarter.
Shares of Cray’s stock are roughly flat in after hours trading as of this report. The company’s financial statements are embedded below.