Silicon Graphics (SGI) turned in sharply reduced profits for its third quarter, with income nosediving by 80 per cent from $53 million last year to $10.5 million.
Turnover increased by 34 per cent from $677 million to $909 million, year on year.
The profit figure did include $8 million in charges connected to the workstation maker's acquisition of Cray Research. After the charges, the net loss for the first nine months was $24 million on turnover of $2.5 billion.
According to company officials, they had expected better turnover figures but growth was affected by the strength of the dollar and weak sales in different regions of Europe and Asia.
The figures do not bode well for a profitable year for SGI, said analysts. Chief executive Ed McCracken blamed currency fluctuations and inability to meet demand for new workstation models. SGI has only been able to produce limited volumes of its Octane desktop workstation, he said.
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