Silicon Graphics posted a $31.5 million loss in its fiscal second quarter, taking a significant $53 million charge for the restructuring announced last October.
The result was some improvement on a net loss of $56 million in the first quarter but down on the same quarter of last year, which saw a loss of $13 million. Revenue was $851 million, up three per cent on the previous year.
Outgoing chief executive Ed McCracken said server sales had improved and that the restructuring programme, which included 850 job losses last October, would start to cut costs by the third quarter.
"Despite a set of challenging transitions, we were able to restore a degree of momentum after a disappointing first quarter," he said.
Richard Belluzo was named the new chairman and chief executive to replace McCracken, who announced last October after poor results that he would step down.
Belluzzo, a 22-year Hewlett-Packard veteran, was formerly an executive vice president in charge of all of HP's computer products, systems and software.
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