View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 24, 1997updated 05 Sep 2016 12:52pm

SGI DIPS INTO RED

By CBR Staff Writer

Silicon Graphics Inc didn’t even manage to break even in its second quarter. After warning that revenue would be way down (CI No 3,072), and that it expected to just make the break even point, SGI reported a net loss of $13m after $14m charges relating to the effects of writing up inventory at the time of the merger with Cray Research Inc, compared with a profit of $52m last time. Revenue was $825m, down 8% on the $899m it did last time on a pro forma basis, which includes the revenue from the Cray acquisition. At the half way mark SGI reported a loss of $35m against a profit of $111m after charges on revenue of $1.6bn, up 26% on $1.2bn. SGI shares were down $2.50 on the day at $26.00.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU