Silicon Graphics (SGI) Tops Q2 EPS by 9c

Silicon Graphics (NASDAQ: SGI) reported Q2 EPS of $0.14, $0.09 better than the analyst estimate of $0.05. Revenue for the quarter came in at $152 million versus the consensus estimate of $145.29 million.

GUIDANCE:

Silicon Graphics sees FY2016 EPS of $0.25-$0.35, versus the consensus of $0.30. Silicon Graphics sees FY2016 revenue of $600-625 million, versus the consensus of $611.2 million.

"The second quarter results marked our return to non-GAAP profitability with improvements in both the top and bottom line," said Jorge Titinger, President and CEO. "We made significant progress in our high performance data analytics business as we surpassed $10 million in revenue this quarter. We also continued to gain traction winning large deals in HPC such as the recent NCAR award in the weather vertical."

For earnings history and earnings-related data on Silicon Graphics (SGI) click here.

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