Hewlett Packard Enterprise raised its outlook but CEO Antonio Neri said the tech giant was wrestling with market uncertainty and longer sales cycles.
Buying Cray could give Hewlett Packard Enterprise more supercomputing firepower in its cloud strategy, and help it win in government contract bids.
Supercomputer manufacturer Cray said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion.