Cray Inc. Provides Earnings Guidance for Fiscal 2014 and 2015
For 2015, while a wide range of results remains possible, based on current expectations for 2014, The company anticipates revenue for the year to be in the range of $715 million. Revenue is expected to ramp quarterly during 2015, with about $80 million in the first quarter and roughly 40-45% of the total year in the fourth quarter. Non-GAAP gross margin for 2015 is expected to be about 35%. Total non-GAAP operating expenses for the year are anticipated to be about $195 million. Based on this outlook, The company expects to improve GAAP and non-GAAP operating profit margin significantly for 2015. The company's 2015 effective non-GAAP tax rate is expected to be about 10%.