Total revenue came in at $214.3 million during the three-month period, representing an increase of 9% from the corresponding period of last year. Subscription revenue climbed 17% year-over-year, while annualized recurring revenue moved up 12%. The top-line also exceeded estimates.
“We achieved a major milestone last month with the general availability of Cloudera Data Platform Private Cloud, significantly advancing our Enterprise Data Cloud strategy. CDP offers a powerful hybrid architecture that separates compute and storage while maintaining data context for greater agility, ease of use and more efficient infrastructure consumption,” said Rob Bearden, chief executive officer of Cloudera.”