French HPC company Bull reported its financial results for the first 6 months of 2009 on Friday last week, and the news was good
Consolidated revenues were €558.6 million for the six-month period, an increase of 1.5%; excluding the impact of exchange rates, revenues grew by 2.7%. Overall, the Group’s core business activities grew by 4.6%
EBIT (see glossary) for the period was €13.7 million, or 2.5% of revenues. This compares with €14.5 million, or 2.6% of revenues, in the first half of 2008
Net income was €2.0 million
Net cash (see glossary) stood at €250.4 million as at 30 June 2009, compared with €171.1 million as at 30 June 2008
That’s a little more than 361m USD right now, a lot of cash on hand. Wonder who they’re gearing up to buy? Didier Lamouche, Bull Chairman and CEO, commented on the results
“Computer simulation is continuing to grow very strongly, to the point where our Extreme Computing (HPC) solutions became the Group’s leading product offering during the first six months of this year. Its success clearly demonstrates that we have made the right strategic choices. We are continuing to innovate with the recent launch of bullx, a new family of supercomputers which is totally in line with our strategy to become one of the top three in Extreme Computing. Thanks to the sustained momentum of these offerings, and the continued success of our other IT infrastructure activities, we have recorded a 15.8% increase in revenues in our ‘Hardware and Systems’ business segment.
Bull is an interesting company, in a market that is structured quite differently from the US HPC market.