Company attributes growth to MIPS RISC value added product
strategy
Silicon Graphics, Inc. reported revenues totaling $302 million for its first fiscal quarter ending September 30, 1993, a 31% increase over the comparable quarter a year earlier. Net income was $26 million for the quarter, compared with $13 million in the same period for the prior fiscal year. Earnings per share were $.34 per share versus $.19 per share for the same quarter in the prior fiscal year. Edward R. McCracken, Silicon Graphics' president and CEO commented, "Our continued momentum in the marketplace drove our 31% revenue growth over the prior year's summer quarter. In particular, our North American business was extremely robust. "There was strong demand across the entire range of our MIPS RISC product line. Our binary compatible product line which spans from IndyTM, a digital media workstation to our POWER ChallengeTM supercomputers is the best in the industry from a price/performance and value added standpoint," McCracken concluded. Silicon Graphics, Inc. is the leading manufacturer of visual computing systems.
