Dug Technology signs two-year HPC contract with Australian National University

Software company Dug Technology further solidified its position in the higher education sector after signing a two-year agreement to provide high-performance computing (HPC), storage and training services using Dug McCloud at the Australian National University (ANU) School of Engineering and Computing.

The half-million dollar contract builds on existing agreements Dug has with Curtin University of Technology, University of Western Australia, Australian Catholic Universities and Imperial College Technology.

“With Dug McCloud and our green HPC offerings, we are excited to play a role in energizing ANU’s scientific efforts and helping them achieve their sustainability goals,” said Matthew Lamont, Dug’s Chief Executive Officer.

“The McCloud platform is ideal for meeting the advanced security and system integrity needs of their research initiatives.”

For the second quarter ending December 31, 2021, Dug Technology said total external customer revenue was $8.36 million, down 3.6% from the prior quarter of $8.36 million. .66 million.

Despite a 10% decline quarter over quarter, revenue of $5.9 million from its services business accounted for the largest portion of total revenue. Meanwhile, its HPC-as-a-service business, which accounted for the smallest portion of total revenue, saw the biggest rise of 19% quarter-over-quarter to just over 900,000. dollars.

“The strong performance of the HPCaaS line of business in the second quarter of FY22 continued into the third quarter of FY22, with record levels of compute usage recorded in January 2022, which translates to a significant increase in expected revenue for January 2022,” the company said.

Similarly, Dug’s software business, which accounted for the rest of total revenue, also grew in the second quarter by 15% to $1.55 million. The company said that during the quarter it restructured its services business to improve overall business efficiency.

“The objectives of the restructuring were to reduce the level of fixed costs, improve operational efficiency and position the business to take advantage of new business improvements in the oil and gas industry,” he said. he declares.

With improved efficiency and software functionality, Dug said it reduced headcount in the second quarter. This resulted in total severance and restructuring costs of just under $1 million for the six months to December 31, 2022.

The company added that it has ceased third-party R&D projects and is “instead targeting projects that maximize profits based on capacity.”

Dug also noted that planning processing for its carbon-free HPC campus in the coastal town of Geraldton, Western Australia continues to progress.

“Having entered into a land lease option in the first quarter of FY22, the company has now received development application approval for the first data hall and associated infrastructure,” the company added.

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