Cray Misses Revenue Targets for Q4

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Over at The Register, Timothy Prickett Morgan writes that Cray Inc. has warned Wall Street that the company will fall short of revenue forecasts for the 2012 fiscal year due to revenue recognition delays for the Blue Waters and Titan supercomputers.

The supercomputer maker said that it expects for revenues in 2013 to be around $500m, once again with deals being heavily back-ended into the end of the year. The current forecast shows about $60m in revenue in the first quarter and around $225m in the fourth quarter, leaving the remaining $215m to be spread across the second and third quarters.

Once Cray weathers this storm, 2013 is looking like it will be a record year for the company. Read the Full Story.