The merger of equals would combine Hadoop software developers with complementary strengths in data storage, advanced analytics, and data management.
A hefty charge for stock-based compensation led to the newly public tech company's sizable GAAP net loss.
The enterprise software firm would have a market cap between $2.2 billion and $2.4 billion — compared to the $4.1 billion valuation it received in 2014.
Some corporations are already jettisoning legacy databases and restrictive hardware setups and moving to the open-source framework for data analytics.
