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SGI Reports 2Q08 Results

SGI achieves significant order growth for second consecutive quarter
February 06, 2008

SUNNYVALE, Calif. -- SGI (NASDAQ:SGIC) today announced financial results for the second quarter of fiscal 2008, which ended December 28, 2007.

Second Quarter FY08 Highlights

Overall in its second quarter, SGI:

  • Achieved bookings of $100 million, a 30 percent increase over Q1, led
    by strength in its storage business
  • Increased backlog by approximately 50 percent to $96 million
  • Added to its leadership team to support its strategy
  • Secured major new wins, including a 25,000-processor supercomputer at
    HLRN, the North German Group for High- and Highest-Performance
    Computers, and a 10,240-processor supercomputer at Total, the French
    oil and gas company

"I'm very pleased with the continued growth in our order rate this quarter,"
said Bo Ewald, SGI Chief Executive Officer. "We saw continuing momentum in our bookings, with an increase of 30 percent over Q1. We've also further strengthened our leadership team with the addition of Irene Qualters, who has joined SGI to lead the software organization and specifically drive our efforts to develop and productize the SGI Industrial Strength Linux Environment."

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