Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world’s largest enterprises. Operating cash flow for q3 was negative USD 5.9 Million, up from negative USD 6.8 Million a year prior.
Cloudera, Inc. (NYSE: CLDR) announced third quarter financial results on Thursday. Revenue for the third quarter amounted to USD 198.3 Million. Subscription revenue reached USD 166.9 Million as annualized recurring revenue increase 13% year over year. “I am pleased to report that we executed well in Q3, building on the positive momentum generated in Q2. We delivered strong operating and financial results across the board and launched the Cloudera Data Platform to a great reception from customers, partners and industry analysts,” said Marty Cole, chairman of the board and interim chief executive officer, Cloudera. “Customers now have a highly competitive set of cloud-native services from Cloudera, and we’ve made hybrid cloud data management and analytics a reality via the industry’s first enterprise data cloud.”
Cloudera highlighted their launch of the Cloudera Data Platform on Amazon Web Services and Microsoft Azure. Cloudera was named one of “The 11 providers that matter most” in streaming analytics.
Guidance for the fourth quarter is as follows:
-Subscription revenue is expected to range from USD 173 to USD 176 Million
-Total revenue is expected to reach USD 200 to USD 203 Million
While Guidance for Fiscal 2020:
-Subscription revenue is expected to total USD 659 to USD 785 Million
-Total Revenue is anticipated to range from USD 782 Million to USD 785 Million
-Annualized recurring revenue is expected to range from USD 700 Million to USD 720 Million
Share value of Cloudera reached a current high of day of USD 11.21 with over 13 million shares traded.
Written by Bryan Shin.
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