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SGI Updates Guidance for First Quarter Fiscal 2016 Financial Results and Announces First Quarter 2016 Conference Call Information

MILPITAS, CA--(Marketwired - Oct 12, 2015) - SGI (NASDAQ: SGI), a global leader in high performance solutions for compute, data analytics, and data management, today updated guidance for its first quarter fiscal 2016 ended September 25, 2015. Based on preliminary data, management expects first quarter revenue to be in the range of $124 to $126 million, and non-GAAP loss per share to be in the range of ($0.15) to ($0.17).

"We ended the first quarter with top and bottom line results that were in-line with our expectations as well as a strong cash position of approximately $100 million," said Jorge Titinger, President and CEO. "We made significant progress in our HPDA business where we nearly doubled the number of SAP HANA customers acquired in fiscal 2015."

The Company has not yet fully completed its first quarter fiscal 2016 financial review process and related assessments. Accordingly, the results reported in this press release are preliminary and therefore subject to change.

Expected GAAP net loss per share $(0.32) to $(0.35)
Plus adjustments* $0.17 to $0.18
Expected non-GAAP net loss per share $(0.15) to $(0.17)

* The adjustments include estimated share-based compensation expense, restructuring and severance costs, intangibles amortization and other non-recurring items.

SGI's first quarter fiscal 2016 financial results conference call is scheduled to take place on Wednesday, October 28, 2015 at 1:30 p.m. PT (4:30 p.m. ET). A live webcast of the company's earnings conference call will be available simultaneously on the Investor Relations section of the company's website at investors.sgi.com. A replay of the webcast will also be available approximately two hours after the conclusion of the conference call and will remain available until next quarter.

The earnings conference call can also be accessed by dialing (888) 463-5422 (toll-free) or (970) 315-0484 (international) and entering the confirmation code: 51529588. An audio replay of the conference call will also be made available approximately two hours after the conclusion of the...


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