Sectors » Financial Services

Briefing Alert: SoftBank will Purchase ARM Ltd for $32B

Jul 18, 2016 |

ARM Ltd has agreed to be bought by Japanese technology company SoftBank for $32B according to both companies. ARM-based chips are already dominant players in the mobile computing market and recently efforts to push ARM processors into servers, including HPC, have gained momentum. For example, Japan’s next flagship supercomputer, the post K Computer, will be Read more…

SoftBank to Acquire ARM Holdings for £24.3 Billion

Jul 18, 2016 |

July 18 — Softbank has made an offer of £24.3 billion to acquire ARM Holdings. With the purchase, Softbank intends to preserve the ARM organization, including ARM’s existing senior management team, brand, partnership-based business model and culture to ensure continuity of a strong track record, maintain the headquarters of ARM in Cambridge, and at least double Read more…

Seagate Reports Preliminary Financial Information for Fourth Quarter and Year-End 2016

Jul 13, 2016 |

CUPERTINO, Calif., July 13 — Seagate Technology plc (NASDAQ: STX) (the “Company”) has announced selected preliminary financial information for its fiscal fourth quarter and year-end 2016, which ended on July 1, 2016. Seagate expects to report revenue of approximately $2.65 billion, gross margin of 25% and non-GAAP gross margin of approximately 25.8% for the fiscal fourth Read more…

AMD to Report Fiscal Second Quarter Results on July 21

Jul 8, 2016 |

SUNNYVALE, Calif., July 8 — AMD (NASDAQ: AMD) announced that it will webcast its earnings conference call on Thursday, July 21, 2016 at 5 p.m. EDT / 2 p.m. PDT to discuss the results of its fiscal second quarter ended June 25, 2016. All interested parties will have the opportunity to listen to the real-time audio webcast of Read more…

Mellanox to Report Second Quarter 2016 Financial Results on July 20

Jul 5, 2016 |

SUNNYVALE, Calif. & YOKNEAM, Israel, July 5 — Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will release its financial results for the second quarter 2016 after the market closes on Wednesday, July 20, 2016. Following the release, Mellanox will conduct a conference call at 2 p.m. Pacific Read more…

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 (, 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…