Sectors » Financial Services

HPE Tackles Phi, Debuts Mfg. Solution and New HPC Software Environment

Jun 20, 2016 |

Hewlett Packard Enterprise (HPE), now about eight months into its transition as a separate entity, retained the prestige of fielding the most systems of any vendor on the Top500 list announced at the ISC2016. HPE had 127 systems (25.4 percent) though the number was down from 155 just six months ago. Other ISC news included Read more…

NVIDIA Debuts PCIe-based P100; Broadens Aim at CPU Dominance

Jun 19, 2016 |

NVIDIA seems to be mounting a vigorous effort to dethrone the CPU as the leader of the processor pack for HPC and demanding datacenter workloads. That’s a tall order. Introduction at ISC 2016 of a PCIe-based version of is new Tesla P100 card is one element in the strategy. It should ease the upgrade path Read more…

Rescale Closes $14M Funding Round

Jun 16, 2016 |

SAN FRANCISCO, Calif., June 16 — Rescale, the leader in cloud HPC, secures $14 million in Series A funding led by TransLink Capital with participation from Microsoft Ventures, Jump Capital, ITOCHU Technology Ventures, Two Roads Group, and Data Collective.  Rescale’s expansion plans will help meet the escalating worldwide customer demand for enterprise-class HPC platforms to help large enterprises transition Read more…

Heading into ISC16, OpenHPC Releases Latest Stack with 60-plus Packages

Jun 16, 2016 |

SC15 was sort of a muted launch party for OpenHPC – the nascent effort to develop a ‘plug-and-play’ software framework for HPC. There seemed to be widespread agreement the idea had merit, not a lot of knowledge of details, and some wariness because Intel was a founding member and vocal advocate. Next week, ISC16 will mark the next milestone for OpenHPC, which has since grown into a full-fledged Linux Foundation Collaborative Project and today released version 1.0.1 of OpenHPC (build and test tools).

WorldQuant Ventures Invests in Cycle Computing

Jun 13, 2016 |

OLD GREENWICH, Conn., June 13 — WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced it has invested in Cycle Computing, the leader in Big Compute software, specializing in managing simulation, analytics and Big Data workloads. WorldQuant Ventures’ investment allows Cycle Computing to expand access for financial Read more…

TACC Receives $30M from NSF for New Supercomputing System

Jun 2, 2016 |

June 2 — Today, the National Science Foundation (NSF) announced a $30 million award to the Texas Advanced Computing Center (TACC) at The University of Texas at Austin (UT Austin) to acquire and deploy a new large-scale supercomputing system, Stampede 2, as a strategic national resource to provide high-performance computing (HPC) capabilities for thousands of Read more…

HPE Introduces New Server Portfolio Offerings

Jun 1, 2016 |

June 1 — Hewlett Packard Enterprise (HPE) today announced new server portfolio offerings that deliver new levels of performance to help customers accelerate innovation, speed time-to-value and modernize their data centers. These new offerings include: New compute platforms with built-in support for Persistent Memory, a technology that combines the performance of high-speed memory and the Read more…

IU Receives NSF Grant to Develop Tool to Measure Impact of Campus-Based Cyberinfrastructure

May 26, 2016 |

BLOOMINGTON, Ind., May 26 — Have you ever wondered about the exact impact of the resources universities devote to cyberinfrastructure? Now, decision-makers in higher education will be able to easily find out. Thanks to a grant from the National Science Foundation, Indiana University is developing an online service that will make it easier for university administrators to Read more…

Nielsen and Intel Migrate HPC Efficiency and Data Analytics to Big Data

May 16, 2016 |

Nielsen has collaborated with Intel to migrate important pieces of HPC technology into Nielsen’s big-data analytic workflows including MPI, mature numerical libraries from NAG (the Numerical Algorithms Group), as well as custom C++ analytic codes. This complementary hybrid approach integrates the benefits of Hadoop data management and workflow scheduling with an extensive pool of HPC tools and C/C++ capabilities for analytic applications. In particular, the use of MPI reduces latency, permits reuse of the Hadoop servers, and co-locates the MPI applications close to the data.

NVIDIA Reports Financial Results

May 13, 2016 |

May 13 — NVIDIA (NASDAQ: NVDA) has reported revenue for the first quarter ended May 1, 2016, of $1.30 billion, up 13 percent from $1.15 billion a year earlier, and down 7 percent from $1.40 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.33, up 38 percent from $0.24 a year Read more…

D-Wave and 1QBit Partner With Financial Industry Experts to Launch Online Community

May 11, 2016 |

BUDAPEST, Hungary, May 11 — D-Wave Systems Inc., the world’s first quantum computing company, 1QB Information Technologies Inc. (1QBit), a quantum software firm, and financial industry experts today announced the launch of Quantum for Quants (quantumforquants.org), an online community designed specifically for quantitative analysts and other experts focused on complex problems in finance. Launched at the Global Read more…

Technology Test Drive: PNNL Offers Exploratory Licenses

May 10, 2016 |

Signing a two-page agreement and paying just $1,000 can get U.S. companies an opportunity to test drive promising technologies through a new, user-friendly commercialization option being offered at the Department of Energy’s Pacific Northwest National Laboratory. PNNL is the only DOE lab to offer this option, called an exploratory license, which gives companies six months Read more…

ANSYS Reports First Quarter 2016 Financial Results

May 5, 2016 |

PITTSBURGH, Penn., May 5 — ANSYS, Inc. (NASDAQ: ANSS), today announced its financial results for the first quarter of 2016.  The Company reported GAAP and non-GAAP revenue growth in constant currency of 6% and 5%, respectively, and GAAP and non-GAAP diluted earnings per share of $0.63 and $0.77, respectively, for the quarter.  Recurring revenue, which is comprised of lease Read more…

ACM Honors Ron Perrott with Distinguished Service Award

May 4, 2016 |

The Association for Computing Machinery (ACM) announced today that Ron Perrott, a long-time advocate of international HPC collaboration and an important figure in defining the United Kingdom’s and Europe’s HPC strategy was awarded the ACM Distinguished Service Award. While much of Perrott’s career was spent behind the scenes in coordinating roles, he was also present Read more…

Cray Reports First Quarter 2016 Financial Results

May 4, 2016 |

SEATTLE, Wash., May 4 — Global supercomputer leader Cray Inc. (NASDAQ: CRAY) has announced financial results for the first quarter ended March 31, 2016. All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release. Revenue for the first quarter of Read more…

Seagate Reports Third Quarter 2016 Financial Results

May 2, 2016 |

CUPERTINO, Calif., May 2 — Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) has reported financial results for the third quarter of fiscal year 2016 ended April 1, 2016. For the third quarter, the Company reported revenue of approximately $2.6 billion, gross margin of 20.2%, net loss of $21 million and diluted loss per share of Read more…

Supermicro Reports Third Quarter 2016 Financial Results

Apr 29, 2016 |

SAN JOSE, Calif., April 29 — Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, has announced third quarter fiscal 2016 financial results for the quarter ended March 31, 2016. The final results are in line with the preliminary results announced by the Company on April 14, 2016. Fiscal Read more…

SGI Reports Fiscal Third Quarter 2016 Financial Results

Apr 28, 2016 |

MILPITAS, Calif., April 28 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics and data management, has reported financial results for its fiscal third quarter ended March 25, 2016. The data in this release is presented on both a GAAP and non-GAAP basis and a reconciliation of GAAP to non-GAAP measures is included Read more…

SanDisk Announces First Quarter 2016 Results

Apr 28, 2016 |

MILPITAS, Calif., April 28 — SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, has announced results for the first quarter ended April 3, 2016. First quarter revenue of $1.37 billion increased 3 percent on a year-over-year basis and decreased 11 percent sequentially. On a GAAP basis, first quarter net income was $78 million, or $0.37 per share, compared to net Read more…

Extreme Networks Reports Third Quarter 2016 Financial Results

Apr 28, 2016 |

SAN JOSE, Calif., April 28 — Extreme Networks, Inc. (Nasdaq: EXTR) has released financial results for its fiscal third quarter ended March 31, 2016.  Third quarter GAAP revenue was $124.9 million and non-GAAP revenue was $125.3 million.  GAAP net loss for the third fiscal quarter was $10.8 million, or $0.10 per basic share, and non-GAAP net income was $3.5 million, or $0.03 per diluted share. “We posted solid performance for the Read more…