This story requires our BI Prime membership. To read the full article,Hewlett Packard Enterprise reported earnings on Tuesday, posting profits above Wall Street estimates and raising its full-year fiscal outlook.
HPE's shares climbed 4% to $13.46 in after-hours trading after the company reported a better-than-expected fiscal third quarter profit and a stronger full-year outlook. "We got a very good deal since we paid less than one-time revenues," Neri told Business Insider. HPE acquired MapR's"technology, intellectual property, and domain expertise in artificial intelligence and machine learning and analytics data management."
But analysts say that technology has been outshined by AI and machine learning, which was a factor for MapR's decline.