Categories AlphaGraphs, Earnings, Technology

Cloudera (CLDR) posts narrower loss in Q1, beats estimates

Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts’ expectations.

Cloudera (CLDR) Q1 2021 earnings

The top-line increased by 12% year-over-year backed by higher subscription revenue. Annualized Recurring Revenue grew 11% year-over-year. The company believes that remote working environments have placed heightened importance on data, data analysis, and data security, which has increased the value of data architecture design and the criticality of hybrid cloud solutions.

Looking ahead into the second quarter of fiscal 2021, the company expects total revenue in the range of $206-209 million and adjusted earnings in the range of $0.06-0.07 per share. For fiscal 2021, the company predicts total revenue in the range of $825-845 million and adjusted earnings in the range of $0.26-0.30 per share.

The business outlook is based on the assumption that the recessionary impact of the coronavirus pandemic (COVID-19) will peak in Cloudera’s second and third quarters of fiscal 2021 and moderate in the fourth quarter of our fiscal 2021.

Past Performance

Most Popular

Target Corp posts strong results in Q4: Infographic

Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Add Comment
Viewing Highlight