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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cray Inc.    CRAY

CRAY INC. (CRAY)
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Altair Engineering : and Cray Extend Their Collaboration in High-Performance ComputingPBS Professional workload manager to continue maximizing utilization on Cray systems

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05/23/2018 | 03:44pm CEST

Altair (Nasdaq: ALTR) announces a 3-year extension to its original equipment manufacturer (OEM) agreement with Cray Inc.

Under the terms of this agreement, PBS Professional will remain bundled as the preferred commercial scheduler on new systems manufactured and shipped by Cray.

'Our relationship with Altair continues to benefit our common customers, as we deliver unique, integrated technologies that are ready to meet their highest HPC requirements,' said Fred Kohout, Senior Vice President of Products and Chief Marketing Officer at Cray. 'Altair and PBS Professional are established leaders in HPC workload management, and we will continue to leverage this agreement for growth in commercial and other emerging market segments.'

PBS Professional gives Cray users a more efficient, reliable solution for HPC workload management. Altair collaborates with Cray to ensure tight, seamless integration. As a Cray-integrated product, PBS Professional optimizes job scheduling on Cray systems to achieve the highest possible utilization levels.

'After being selected last year as the first software company to receive Cray's supplier of the year award, we are honored that Cray continues to name Altair as their premier workload management software supplier,' said Sam Mahalingam, Chief Technical Officer HPC/Cloud Solutions, Altair. 'This agreement represents a continuation of Altair's long-standing relationship with Cray.'

The joint Cray-Altair solution provides a superior solution for HPC users, ensuring the availability of reserved resources, optimizing the usage of non-reserved resources, and improving scheduling predictability so users have greater insight into the timing of their workload.

PBS Professional on new systems manufactured and shipped by Cray

About Altair (Nasdaq: ALTR)

Altair transforms design and decision making by applying simulation, machine learning and optimization throughout product lifecycles. Our broad portfolio of simulation technology and patented units-based software licensing model enable Simulation-Driven Innovation for our customers. With more than 2,000 employees, Altair is headquartered in Troy, Michigan, USA and operates 71 offices throughout 24 countries. Altair serves more than 5,000 customers across broad industry segments. To learn more, please visit www.altair.com.

Media Contacts:

Corporate / Americas/ Asia Pacific

Biba A. Bedi

+1.757.224.0548 x 406

[email protected]

Altair Europe/ The Middle East/Africa

Evelyn Gebhardt

+49 6421 9684351

[email protected]

(C) 2018 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 446 M
EBIT 2018 -42,3 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 2,36x
Capi. / Sales 2019 1,96x
Capitalization 1 051 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 33,7 $
Spread / Average Target 30%
Managers
NameTitle
Peter J. Ungaro President, Chief Executive Officer & Director
Stephen C. Kiely Non-Executive Chairman
Wayne J. Kugel Senior VP-Operations & Customer Support
Brian C. Henry Chief Financial Officer & Executive Vice President
Steven Lee Scott Chief Technology Officer & Senior Vice President
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