Sectors » Financial Services

Intel Reports First Quarter GAAP Revenue of $13.7 Billion

Apr 19, 2016 |

SANTA CLARA, Calif., April 19 — Intel Corporation today reported first-quarter GAAP revenue of $13.7 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 42 cents. Intel reported non-GAAP revenue of $13.8 billion, operating income of $3.3 billion, net income of $2.6 billion and EPS of 54 cents. The company Read more…

IBM Reports 2016 First Quarter Earnings

Apr 19, 2016 |

ARMONK, N.Y., April 19 — IBM (NYSE: IBM) today announced first-quarter 2016 earnings results. “We are pleased with the progress we have made helping our clients apply new cognitive solutions and hybrid cloud platforms,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “IBM has established itself as the industry leader in total cloud, analytics Read more…

Supermicro Provides Third Quarter Financial Update

Apr 15, 2016 |

SAN JOSE, Calif., April 15 — Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today provided preliminary information regarding its financial results for the third fiscal quarter ended March 31, 2016. The Company also announced that it will release third quarter fiscal 2016 financial results on Thursday, April Read more…

Over $17M Worth of XSEDE NSF Computing Resources Allocated to Deserving Researchers

Apr 13, 2016 |

April 13 — At its March quarterly XSEDE Resource Allocations Committee (XRAC) review, a total of 324 million computing hours, valued at $16.2 million, were awarded to 150 deserving projects throughout the country for access to NSF-sponsored high-performance computing resources and services in the XSEDE environment. These awards for allocation will support fascinating investigations ranging from molecular bioscience and Read more…

HPE Expands HPC Lineup; Targets Deep Learning, Lustre, and FS

Apr 4, 2016 |

Hewlett Packard Enterprise (HPE) for the second straight week introduced new server products with today’s launches aimed at high performance computing. The centerpiece is a GPU-accelerated deep learning platform (Apollo 6500) whose announcement coincides with start of NVIDIA’s GPU Technology Conference (GTC) being held this week in San Jose. HPE also announced a Lustre storage Read more…

Indiana University, ESnet, Internet2 Share NSF Grant to Expand Networking Workshops

Apr 1, 2016 |

BLOOMINGTON, Ind., April 1 — A new $150,000 award from the National Science Foundation will allow networking experts from Indiana University and partners at the Department of Energy’s Energy Sciences Network (ESnet) and Internet2 to expand the successful Operating Innovative Networks workshop series. Since 2013, the workshops have helped network engineers learn to manage ever-increasing Read more…

Micron Reports Results for the Second Quarter of Fiscal 2016

Mar 30, 2016 |

BOISE, Idaho, March 30 — Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its second quarter of fiscal 2016, which ended March 3, 2016. Revenues for the second quarter of fiscal 2016 were $2.93 billion and were 12 percent lower compared to the first quarter of fiscal 2016 and 30 percent lower Read more…

DOE HPC4Mfg Program Seeks to Fund New Proposals to Jumpstart Energy Technologies

Mar 17, 2016 |

LIVERMORE, Calif., March 17 — A new U.S. Department of Energy (DOE) program designed to spur the use of high performance supercomputers to advance U.S. manufacturing is now seeking a second round of proposals from industry to compete for approximately $3 million in new funding. The High Performance Computing for Manufacturing (HPC4Mfg) Program currently supports 15 Read more…

ReFLEX CES to Showcase FPGA Network Accelerator Cards at Trading Show London

Mar 17, 2016 |

LONDON, U.K., March 17 — ReFLEX CES, a leading European-based provider of custom embedded and complex systems, will showcase its expertise in the design and manufacture of complex Ultra low-latency FPGA network accelerator cards at The Trading Show London 2016. Highlights of the stand include Networking & Processing FPGA boards, Instant-DevKits and OpenCL demos. The Trading Show Read more…

Making Sense of HPC in the Age of Democratization

Mar 8, 2016 |

These are exciting times for HPC. High-performance computing and its cousin high-productivity computing are expanding such that the previous definitions of HPC as a moving performance target or as the purview of modeling and simulation are breaking down. The democratization of HPC has spurred a lot of focus on the impact that HPC-hatched technologies are Read more…

HPE Reports Fiscal 2016 First Quarter Results

Mar 4, 2016 |

PALO ALTO, Calif., March 4 — Hewlett Packard Enterprise (NYSE: HPE) has announced financial results for its fiscal 2016 first quarter, ended January 31, 2016. First quarter net revenue of $12.7 billion was down 3% from the prior-year period and up 4% on a constant currency basis. First quarter GAAP diluted net earnings per share (EPS) was $0.15, down Read more…

ANSYS Reports Fourth Quarter and Fiscal Year 2015 Results

Feb 25, 2016 |

PITTSBURGH, Penn., Feb. 25 — ANSYS, Inc. (NASDAQ: ANSS) today reported fourth quarter and FY 2015 GAAP revenue growth of 4% and 8%, respectively, and non-GAAP revenue growth of 4% and 7%, respectively, all in constant currency.  Recurring revenue, which is comprised of lease license and annual maintenance revenue, totaled 70% of non-GAAP revenue for Read more…

Asetek Reports Fourth Quarter 2015 Financial Results

Feb 24, 2016 |

Feb. 24 — Asetek reported total revenue of $12.5 million in the fourth quarter of 2015, reflecting growth of 173% over the same period of 2014 ($4.6 million). Total revenue in 2015 was $36.0 million, an increase of 73% over 2014 ($20.8 million). The increases reflect growth in shipments of the desktop segment’s do-it-yourself (“DIY”) Read more…

Mellanox Completes Acquisition of EZchip

Feb 23, 2016 |

SUNNYVALE, Calif. & YOKNEAM, Israel, Feb. 23 — Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced that it completed the acquisition of EZchip (NASDAQ: EZCH; TASE: EZCH), a leader in high-performance processing solutions for carrier and data center networks, at a total purchase price of Read more…

DOE Announces First ‘HPC for Manufacturing’ Industry Partnerships

Feb 18, 2016 |

Feb. 18 — The U.S. Department of Energy (DOE) has announced $3 million for 10 new projects that will enable private-sector companies to use high-performance computing resources at DOE’s national laboratories to tackle major manufacturing challenges. The awards are part of DOE’s High-Performance Computing for Manufacturing (HPC4Mfg) program, which was rolled out last year. The announcement Read more…

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2016

Feb 18, 2016 |

SANTA CLARA, Calif., Feb. 18 — NVIDIA (NASDAQ: NVDA) has reported record revenue for the fourth quarter ended January 31, 2016, of $1.40 billion, up 12 percent from $1.25 billion a year earlier, and up 7 percent from $1.30 billion in the previous quarter. Revenue for fiscal 2016 was a record $5.01 billion, up 7 percent from $4.68 billion Read more…

Cray Reports 2015 Full Year and Fourth Quarter Financial Results

Feb 12, 2016 |

SEATTLE, Wash., Feb. 12 — Global supercomputer leader Cray Inc. (NASDAQ: CRAY) has announced financial results for the year and fourth quarter ended December 31, 2015. For 2015, Cray reported total revenue of $724.7 million, which compares with $561.6 million for 2014. Net income for 2015 was $27.5 million, or $0.68 per diluted share, compared to $62.3 million, or $1.54 per diluted share for 2014. Net income results Read more…

Nor-Tech Reports Record Sales of HPC Clusters for CAE Modeling

Feb 11, 2016 |

Feb. 11 — Nor-Tech is reporting record sales of HPC clusters for CAE modeling. Among the reasons is Nor-Tech’s Demo Cluster, which gives organizations the ability to first test their simulation software on a cluster; and design innovations that bring the cost within reach of many organizations without compromising performance or quality. The HPC software Read more…

SGI Announces Investor Conference Call to Discuss HPE OEM Deal

Feb 9, 2016 |

MILPITAS, Calif., Feb. 9 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics, and data management, today announced that SGI management will host a conference call for investors to discuss a new OEM agreement on Tuesday, February 9, 2016 at 6:15 AM PT. The conference call can be accessed by dialing (888) Read more…

PSC Receives $1.8 Million NIH Grant

Feb 4, 2016 |

Feb. 4 — A $1.8-million National Institutes of Health grant to the Pittsburgh Supercomputing Center (PSC) will make a next-generation Anton 2 supercomputer developed by D. E. Shaw Research (DESRES) available to the biomedical research community. A specialized system for modeling the function and dynamics of biomolecules, the Anton 2 machine at PSC will be Read more…