Sectors » Financial Services

Adaptive Computing Acquired by ALA Services

Sep 7, 2016 |

PROVO, Utah, Sept. 7 — Adaptive Computing, provider of award-winning workload and resource orchestration software, announces it has been acquired by ALA Services LLC (ALA), the investment entity of Arthur L. Allen, founder, former President and CEO of ASG Software Solutions Inc. Art Allen and team bring a wealth of experience in understanding software platforms used Read more…

Rackspace Acquired by Apollo Global for $4.3 Billion

Aug 29, 2016 |

SAN ANTONIO, Tex., Aug. 29 — Rackspace (NYSE: RAX), the #1 managed cloud company, today announced that it has entered into a definitive agreement with affiliates of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, to be acquired for $32.00 per share Read more…

NCSA to Lead $110M NSF Project to Expand Nation’s Cyberinfrastructure Ecosystem

Aug 24, 2016 |

Aug. 24 — The National Science Foundation (NSF) announced a $110 million, five-year award to the National Center for Supercomputing Applications (NCSA) at the University of Illinois at Urbana-Champaign and 18 partner institutions to continue, and expand, the activities undertaken through the Extreme Science and Engineering Discovery Environment (XSEDE), a cornerstone of the nation’s cyberinfrastructure ecosystem. XSEDE accelerates open scientific discovery by enhancing Read more…

XSEDE 2.0 Earns $110M NSF Award to Expand Nation’s Cyberinfrastructure Ecosystem

Aug 23, 2016 |

URBANA, Ill., Aug. 23 — The Extreme Science and Engineering Discovery Environment (XSEDE), first established in 2011, has been awarded a $110 million, five-year National Science Foundation (NSF) award to continue expanding access of advanced cyberinfrastructure resources to the nation’s scientist and engineers. The award announced today provides a continuity of services valuable to its large user community, in particular the coordination Read more…

Asetek Reports Second Quarter 2016 Financial Results

Aug 17, 2016 |

OSLO, Norway, Aug. 17 — Asetek reported total revenue of $8.4 million in the second quarter of 2016, representing growth of 4% from the same period last year. First half 2016 revenue amounted to $18.8 million, equal to growth of 38% compared with the first half of 2015. Gross margins were 38% and 39% for the Read more…

NVIDIA Announces Financial Results for Second Quarter Fiscal 2017

Aug 12, 2016 |

SANTA CLARA, Calif., Aug. 12 — NVIDIA (NASDAQ: NVDA) has reported revenue for the second quarter ended July 31, 2016, of $1.43 billion, up 24 percent from $1.15 billion a year earlier, and up 9 percent from $1.30 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.40, compared with $0.05 a year Read more…

Hewlett Packard Enterprise to Acquire SGI

Aug 11, 2016 |

MILPITAS, Calif., Aug. 11 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics, and data management, today announced that it has signed a definitive agreement to be acquired by Hewlett Packard Enterprise (HPE) for $7.75 per share in cash, a transaction valued at approximately $275 million, net of cash and debt. SGI products and Read more…

SGI Announces Fourth Quarter and Fiscal Year 2016 Financial Results

Aug 11, 2016 |

MILPITAS, Calif., Aug. 11 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics and data management, today announced financial results for its fourth quarter and fiscal year 2016 ended June 24, 2016. Data in this release is presented on both a GAAP and non-GAAP basis and a reconciliation of GAAP to Read more…

Supermicro Reports Fourth Quarter 2016 Financial Results

Aug 5, 2016 |

SAN JOSE, Calif., Aug. 5 — Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, has announced fourth quarter and full-year financial results for the fiscal year ended June 30, 2016. The final results are in line with the preliminary results announced by the Company on July 18, 2016. Read more…

Extreme Networks Reports Fourth Quarter and Fiscal Year 2016 Financial Results

Aug 4, 2016 |

SAN JOSE, Calif., Aug. 4 — Extreme Networks, Inc. (Nasdaq: EXTR) has released financial results for its fiscal fourth quarter ended June 30, 2016.  Fourth quarter GAAP revenue was $139.6 million and non-GAAP revenue was $140.0 million.  GAAP net loss for the fourth fiscal quarter was $2.3 million, or $0.02 per basic share, and non-GAAP net income was $10.2 million, or $0.10 per diluted share.  For the full fiscal year 2016, Extreme Networks reported Read more…

Cray Reports Second Quarter 2016 Financial Results

Aug 3, 2016 |

SEATTLE, Wash., Aug. 3 — Global supercomputer leader Cray Inc. (NASDAQ: CRAY) has announced financial results for the second quarter ended June 30, 2016. Revenue for the second quarter of 2016 was $100.2 million, which compares with $186.2 million in the second quarter of 2015. Net loss for the second quarter of 2016 was $13.1 million, Read more…

Seagate Reports Financial Results for Fourth Quarter and Fiscal Year 2016

Aug 2, 2016 |

CUPERTINO, Calif., Aug. 2 — Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter and fiscal year ended July 1, 2016. For the fourth quarter, the Company reported revenue of $2.7 billion, gross margin of 24.9%, net income of $70 million and diluted earnings per share of $0.23. On Read more…

Grable Grant to Fund PSC’s STEM Secondary Education Program

Aug 1, 2016 |

Aug. 1 — High school teachers in southwest Pennsylvania will get training in advanced computing technologies in the biological sciences—bioinformatics—thanks to a $10,000 grant from the Grable Foundation to the Pittsburgh Supercomputing Center (PSC). The grant will fund PSC’s BEST (Bioinformatics Education for STudents) program, including a summer workshop for regional science teachers. “The Grable Read more…

Fujitsu Reports Fiscal 2016 First Quarter Financial Results

Jul 29, 2016 |

TOKYO, Japan, July 29 — Fujitsu has reported a loss for the first quarter attributable to owners of the parent of 14.0 billion yen, representing an improvement of 4.8 billion yen compared to the first quarter of fiscal 2015. Consolidated revenue for the first quarter of fiscal 2016 was 986.5 billion yen, down 78.5 billion yen Read more…

Light Summer Reading: Crowd-sourcing Algorithms to Beat Wall Street

Jul 27, 2016 |

Looking to cash in on your algorithm expertise? Join the crowd. A three-year-old hedge fund investment company, Quantopian, that crowd-sources algorithms to guide its investing has just received a new infusion of $250M to play with and continues scanning the crowd for mathematical keys to success. When an algorithm is used by the company and Read more…

Atos Reports Financial Results for First Half of 2016

Jul 27, 2016 |

July 27 — Atos, a global leader in digital services, today announces its financial results for the first half of 2016. Revenue was € 5,697 million, up +17.9% at constant exchange rates and +1.7% at constant scope and exchange rates. Organic growth at +1.8% during the second quarter of 2016 reflected the sustainability of the Read more…

Cray to Report Second Quarter 2016 Financial Results on August 2

Jul 26, 2016 |

SEATTLE, Wash., July 26 — Global supercomputer leader Cray Inc. (Nasdaq: CRAY) plans to host an investor conference call on Tuesday, August 2 at 1:30 p.m. PT (4:30 p.m. ET) to discuss its second quarter 2016 financial results. The call will feature a discussion by senior management followed by a question and answer session. Conference Call Information To access the call, Read more…

AMD Reports 2016 Second Quarter Financial Results

Jul 22, 2016 |

SUNNYVALE, Calif., July 22 — AMD (NASDAQ: AMD) has announced revenue for the second quarter of 2016 of $1,027 million, operating loss of $8 million, and net income of $69 million, or $0.08 per diluted share. Non-GAAP operating income was $3 million and non-GAAP net loss was $40 million, or $0.05 per share. “In the second quarter we accomplished Read more…

IBM Reports 2016 Second Quarter Earnings

Jul 19, 2016 |

ARMONK, N.Y., July 19 —  IBM (NYSE: IBM) has announced second-quarter 2016 earnings results. “IBM continues to establish itself as the leading cognitive solutions and cloud platform company.  In doing so, IBM is pioneering new business opportunities beyond the traditional IT marketplace,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “In the second quarter we Read more…

EMC Reports Second Quarter 2016 Financial Results

Jul 19, 2016 |

July 19 — EMC Corporation today reported second-quarter 2016 financial results. Second-quarter consolidated revenue was $6 billion. GAAP earnings per weighted average diluted share was $0.29 in the second quarter, up 16% year over year. Non-GAAP earnings per weighted average diluted share in the second quarter was $0.45, up 5% year over year. EMC generated Read more…