6 November, 2007
"We are very pleased to report solid profit and revenue growth," said Peter Ungaro, president and CEO of Cray. "Third quarter benefited from strong international contributions, the largest being the successful installation and acceptance of the HECToR Cray XT4 supercomputer at the University of Edinburgh's Parallel Computing Centre in Scotland."
Global supercomputer leader Cray Inc financial results for the third quarter ended September 30, 2007 showed revenue for the quarter grew to $55m compared to $32.6m in the prior year period. The company reported net income for the quarter of $5.1m compared to a net loss of $8.3m in the third quarter of 2006.
Total gross margin for the third quarter of 2007 was 40.3% compared to 35% in the prior year period. Product margin was 40.1% compared to 27% in the third quarter of 2006. Service margin of 41% for the third quarter was in line with the company's target level.