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SGI: Fiscal 3Q13 Financial Results

Storage at $20 million, compared with $15 million in 2Q13

(in US$ million) 3Q12 3Q13  9 mo. 12   9 mo. 13
 Revenues 199.4 232.6 573.5  596.7
 Growth   17%    4%
 Net income (loss) (1.2) 9.2 (6.1)  1.6

Silicon Graphics, Inc. reported financial results for its third fiscal quarter ended Mar. 29, 2013.

Here are few information SGI gave in its earnings call transcript on its storage activity.

Jorge Luis Titinger, president and CEO:
"Our storage pipeline increased 6% quarter-on-quarter after a 10% increase in Q2."

Robert Nikl, CFOP:
"Products represented 80% of total revenue for the quarter, with compute accounting for 89% while storage was 11%, essentially unchanged from the prior quarter. On an absolute basis, storage grew to a record $20 million compared with $15 million in Q2. Although some of this growth is associated with completion of the LMDs, it is still notable as it reflects a strong contribution from our new MIS platform and is a precursor of what we expect will be a fast-growing storage product line in FY ’14.
"In our market segments, public sector was approximately 55% of total revenue, while the cloud segment accounted for 14%. All other commercial was 31%."

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