The Channel logo


By | Andrew Orlowski 20th April 2005 07:07

SGI sees red

Couldn't close the deals, says Bishop

SGI lost $45m in the most recent quarter, and offered the same reason IBM gave for its poor results last week.

Gross revenue in Q3 FY2005 was $159m, down from $212 million a year ago, when it reported an $8m loss. Product revenue was down $39m year on year to $78.7m.

CEO Bob Bishop echoed IBM chief Sam Palmisano for the poor performance. "Several major server and storage orders failed to close at the end of the quarter," he said in a statement.

SGI's recent history is one of steep losses and savage restructuring. Less than two years ago SGI was aiming for quarterly revenues of around $240m, while four years ago it was pulling in $500 million a quarter. Six years ago it was netting $760m a quarter.

The bad news, which the company had trailed earlier in the month, pushed SGI shares below $1. ®

Related stories

Intel misses Itanium sales mark by $26.6bn
Major server vendors in giant, supercomputing cluster cluck
SGI renders graphics kit full of Linux tools

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


Suit-and-tie-wearing man tries to meditate, take deep breaths in faux yoga pose. Photo by Shutterstock
Emotional intelligence, not tech skills, is the way to woo suits
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe