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

Also Read:  Qutoutiao Inc. (QTT) Q2 2020 Earnings Call Transcript

Most Popular

Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours

Infographic: Stitch Fix Q4 2020 earnings

Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street

Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates

Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended

Top