Silicon Graphics To Post Loss In Q2 - Quick Facts

(RTTNews) - Silicon Graphics International Corp. (SGI) reported preliminary second-quarter results. The company expects GAAP net loss to be in the range of $12.5 million to $13.5 million, or $0.37 to $0.40 per share, which compares to net income of $1 million, or $0.03 per share in the second quarter of fiscal 2013. Adjusted net loss for the second quarter is expected to be in the range of $7.5 million to $8.5 million, or $0.21 to $0.24 per share.

Analysts polled by Thomson Reuters expect the company to report a loss per share of $0.14 for the quarter. Analysts' estimates typically exclude special items.

Silicon Graphics expects second-quarter total revenue to be approximately $116 million, which compares with $171 million in the second quarter of 2013. Analysts expect revenue of $128.00 million for the quarter.

The company expects its second-half total revenue to be in the range of $260 million-$300 million.

Silicon Graphics also announced it has entered into a partnership with SAP A.G. (SAP) to jointly develop and deploy integrated, high-performance commercial solutions based on SGI's UV in-memory compute technology and SAP's HANA in-memory database products. The company believes that this technology and marketing partnership expands its Total Addressable Market by approximately $2 billion.