SGI-Rackable combo posts big revenue gains

SGI’s earnings call, covering the quarter ending September 25th, seems to show the company in a decent light, with sales of $100.1M.  The merger with Rackable was a bit rocky, sucking up a good portion of Rackable’s cash and requiring some extensive restructuring, but:

“SGI delivered a solid quarter in terms of revenue, gross margin and operations,” said Mark Barrenechea, SGI’s president and chief executive officer, in a statement. “Operationally, our integration is ahead of schedule in most key areas. We also introduced new products that could expand our addressable market by over $1.7 billion while investing for long-term growth.”

Some other interesting tidbits is that over 10% of its quarterly non-GAAP sales come from “long-time” customer Amazon, which was news to me.  A full third of their sales came from ISP’s, and a quarter came from Government and Defense contractors.

via SGI-Rackable combo posts big revenue gains • The Register.

This story written by Randall Hand

Randall Hand is a visualization scientist working for a federal research lab, aiding researchers to discover the insights buried within their terabyte datasets generated on some of the most powerful supercomputers in the world. He also runs VizWorld.com .

Hardware amazon, economic, finance, sgi