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Cray reports Q2 misses before merger

Aug. 02, 2019 4:24 PM ETCRAY, HPEBy: Brandy Betz, SA News Editor1 Comment
  • Cray (NASDAQ:CRAY) reports Q2 misses with revenue down 43% Y/Y. The company won't provide guidance or hold an earnings call due to the impending merger with HPE (NYSE:HPE).
  • Q2 non-GAAP gross margin was 36% compared to the 32% in last year's quarter.
  • Operating expenses totaled $57M compared to the $47M last year.
  • Press release.

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