The $925 million deal reflects the growth potential of software-defined wide-area networking as businesses employ more remote workers.
CFO Tarek Robbiati attributed the revenue decline primarily to supply chain disruption, which resulted in “significantly higher” levels of backlog.
Cray is in the process of building the world's fastest supercomputer for the U.S. Department of Energy.
“The close of this transaction leaves HPE with a crystal clear mission, tied directly to the solutions our customers and partners tell us they want most."
Through the acquisition of Nimble Storage, "we’ll have a comprehensive, best-in-class [flash] portfolio across the full range of the market."
Hewlett Packard Enterprise will merge its troubled IT services unit with Computer Sciences Corp. , creating a company with $26 billion in revenue.
