HPE on Tuesday surprised Wall Street with better-than-expected financial results for the fiscal 2017 third quarter ended July 31, and the rest of the industry with an announcement that it plans to acquire Cloud Technology Partners (CTP).
Herein I examine the fiscal results first, and the acquisition second.
For the quarter, net sales at HPE rose 3 percent to $8.2 billion. Earnings, meantime, fell 90 percent to a $200 million from $2.5 billion reported one year earlier.
