SUBSCRIBE TO OUR NEWSLETTER
Stay informed! Sign up to get expert advice and insight delivered direct to your inbox
SGI Reports 2Q08 Results
SGI achieves significant order growth for second consecutive quarter
February 6, 2008
1 Min Read
SUNNYVALE, Calif. -- SGI (NASDAQ:SGIC) today announced financial results for the second quarter of fiscal 2008, which ended December 28, 2007.
Second Quarter FY08 Highlights
Overall in its second quarter, SGI:
Achieved bookings of $100 million, a 30 percent increase over Q1, led by strength in its storage business
Increased backlog by approximately 50 percent to $96 million
Added to its leadership team to support its strategy
Secured major new wins, including a 25,000-processor supercomputer at HLRN, the North German Group for High- and Highest-Performance Computers, and a 10,240-processor supercomputer at Total, the French oil and gas company
"I'm very pleased with the continued growth in our order rate this quarter,"said Bo Ewald, SGI Chief Executive Officer. "We saw continuing momentum in our bookings, with an increase of 30 percent over Q1. We've also further strengthened our leadership team with the addition of Irene Qualters, who has joined SGI to lead the software organization and specifically drive our efforts to develop and productize the SGI Industrial Strength Linux Environment."SGI
Read more about:
2008You May Also Like
More Insights
