Nothing illustrates so clearly why supercomputer maker Cray has been expanding into entry and midrange supercomputer markets as the financial results that the company posted in the first quarter ended in March. With only a high-end product line, Cray had nothing to sell as big HPC shops are waiting for the future Baker systems and their Gemini high-speed interconnect. And thus revenues plummeted 61.9 per cent to $23.4m, and even with DARPA kicking in $12.5m to cover some research and development costs, Cray had a net loss of $11.6m.
Cray Revenues Slammed in Q1
May 5, 2010