Categories Analysis, Earnings, Technology

Earnings: Post Hortonworks merger, Cloudera revenue jumps in Q4 but loss widens

Fresh after the recently completed merger with Hortonworks, Cloudera (NYSE: CLDR) announced its fourth-quarter 2019 results on March 13 after the bell.

In the three-month period, the cloud tech firm saw total revenue soar 37% higher to $144.5 million, while subscription revenue jump 42% to $123.0 million year-over-year.

Given that the Hortonworks merger closed on Jan. 3, 2019, the company stated that is no comparative year-over-year financial information for the combined company.

Adjusted net loss was 15 cents a share

GAAP loss from operations for the quarter of fiscal 2019 was $87.0 million. A year ago, GAAP operations loss for standalone Cloudera was $38.1 million.

Quarterly non-GAAP loss from operations was $30.2 million, compared to $9.0 million in standalone Cloudera non-GAAP operations last year.

JetBlue Airways posts monthly data, February traffic jumps 6%

GAAP net loss per share for the fourth quarter widened to $0.45 per share, from standalone GAAP net loss of 25 cents a share a year ago.

Non-GAAP net loss per share was 15 cents a share for the three-month period.

“Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers,” CEO Tom Reilly weighed in.

 

LOOKING TO THE FUTURE

For the first quarter of fiscal 2020, Cloudera sees total revenue of $187-190 million, with subscription revenue between $154 million and $156 million. Non-GAAP net loss expected to be 25-22 cents a share.

For the full-year 2020, total revenue is touted to jump at least 76% to hit $835 million to $855 million, while subscription revenue is expected to be up 72% to $695-705 million.

Operating cash flow for fiscal 2020 is estimated to be negative $40 million to negative $30 million, while non-GAAP net loss is expected to be between $0.36 and $0.32 a share. Adjusted ARR is touted to grow 18-21% to between $800 million and $825 million.

Cloudera chief Reilly added, “Our strong fourth quarter results showcase how customers are already embracing the new Cloudera’s vision, as evidenced by early cross-sell motions to deliver data management and analytics from the Edge to AI,” as the company posted the quarterly results.

 

 

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top