Cray Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Comments On Quarterly 2013 Revenue Guidance

Cray Inc announced that for fiscal 2013, it expects revenue to be approximately $500 million. Revenue is expected to ramp quarterly during 2013 with roughly $70 million in the first quarter and about 45% of the annual revenue expected in the fourth quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $498 million for fiscal 2013; revenue of $60 million for first quarter of 2013; revenue of $90 million for second quarter of 2013; revenue of $123 million for third quarter of 2013; revenue of $223 million for fourth quarter of 2013.