SGI Reports First Quarter Financial Results

Silicon Graphics News

Silicon Graphics (NYSE: SGI) today announced results for its first fiscal quarter which ended September 24, 2004. Revenue for the first quarter was $175 million, in line with the preliminary results announced October 5, 2004. Gross margin from continuing operations was 35.8% compared with 40.1% in the same quarter one year ago. SGI’s first-quarter operating loss from continuing operations was $27 million, compared with an operating loss of $44 million for the first quarter fiscal 2004. The first-quarter net loss was $28 million or $0.11 per share, compared with a net loss of $48 million or $0.23 per share one year ago.

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