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Cloudera, Inc. (CLDR) SEC Filing 10-Q Quarterly report for the period ending Tuesday, April 30, 2019

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR


Cloudera Reports First Quarter Fiscal Year 2020 Financial Results


PALO ALTO, Calif. June 5, 2019 Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its first quarter of fiscal year 2020 ended April 30, 2019. Total revenue for the first quarter was $187.5 million, and subscription revenue was $154.8 million. Annualized recurring revenue grew 21% year-over-year.

“We continue to make substantial progress toward our goal of delivering the industry’s first enterprise data cloud, designed for powerful analytics across hybrid and multi-cloud environments with common security and governance,” said Tom Reilly, chief executive officer, Cloudera. “Our enterprise customers are excited about extending their analytic workloads to the public cloud through Cloudera Data Platform, which will be available this summer. While some customers in the first quarter elected to postpone renewal and expansion of their agreements in anticipation of the new platform’s release, affecting our full year outlook, this customer feedback and enthusiasm validates demand for enterprise data cloud solutions in our target market. Customers are benefiting from our offerings today, solving complex data management and analytic use cases spanning the Edge to AI, and we look forward to helping them accelerate their journey to the cloud with Cloudera Data Platform.”

All numbers reported for prior periods are presented for Cloudera on a standalone basis since the merger with Hortonworks, Inc. closed on January 3, 2019, and, as such, there is no comparative year-over-year financial information for the combined company.

GAAP loss from operations for the first quarter of fiscal 2020 was $103.8 million, compared to a GAAP loss from operations of$51.7 million for the first quarter of fiscal 2019.

Non-GAAP loss from operations for the first quarter of fiscal 2020 was $34.7 million, compared to a non-GAAP loss from operations of $25.7 million for the first quarter of fiscal 2019.

Operating cash flow for the first quarter of fiscal 2020, which includes $25.0 million of merger-related payments, was $11.5 million, compared to operating cash flow of $24.4 million for the first quarter of fiscal 2019.

GAAP net loss per share for the first quarter of fiscal 2020 was $0.38 per share, based on weighted-average shares outstanding of 271.4 million shares, compared to a GAAP net loss per share of $0.36 per share for the first quarter fiscal 2019, based on weighted-average shares outstanding of 146.7 million shares. See financial statement tables below for additional information regarding historical and forward-looking stock-based compensation expenses and shares outstanding.

Non-GAAP net loss per share for the first quarter of fiscal 2020 was $0.13 per share, based on weighted-average shares outstanding of 271.4 million shares, compared to a non-GAAP net loss per share of $0.18 per share for the first quarter of fiscal 2019, based on weighted-average shares outstanding of 146.7 million shares.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non‑GAAP Financial Measures.

As of April 30, 2019, the company had total cash, cash equivalents, marketable securities and restricted cash of $547.5 million.

Recent Business and Financial Highlights

Today, we separately announced the planned retirement of Chief Executive Officer, Tom Reilly, and the appointment of Martin Cole, Chairman of the Board, as interim Chief Executive Officer.

First Quarter Fiscal 2020:

Annualized recurring revenue was $672.0 million, representing 21% year-over-year growth
Non-GAAP subscription gross margin for the quarter was 85%
Operating cash flow was $11.5 million, including $25.0 million of merger-related payments
Customers with annualized recurring revenue greater than $100,000 were 929
Expanded partnership with IBM to include all Cloudera product offerings and to add services
Brought to market two new products: Cloudera Edge Management, an edge management solution for IoT and streaming data, and Cloudera Flow Management, a no-code, high-scale data ingestion, and management solution




The following information was filed by Cloudera, Inc. (CLDR) on Wednesday, June 5, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Parenthetical
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations - Parenthetical
Condensed Consolidated Statements Of Stockholders' Equity
Balance Sheet Components
Balance Sheet Components - Schedule Of Cost And Accumulated Depreciation And Amortization Of Property And Equipment (Details)
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Compensation And Other Accrued Liabilities (Details)
Balance Sheet Components - Narrative (Details)
Balance Sheet Components - Schedule Of Expected Future Amortization Expense Of Intangible Assets (Details)
Balance Sheet Components - Schedule Of Intangible Assets (Details)
Business Combination
Business Combination (Tables)
Business Combination - Components Of Identifiable Intangible Assets Acquired (Details)
Business Combination - Fair Value Consideration (Details)
Business Combination - Fair Value Of Assets Acquired And Liabilities Assumed (Details)
Business Combination - Narrative (Details)
Cash Equivalents And Marketable Securities
Cash Equivalents And Marketable Securities - Schedule Of Fair Value Of Cash And Cash Equivalents And Marketable Securities (Details)
Cash Equivalents And Marketable Securities (Tables)
Cash Equivalents And Marketable Securities - Schedule Of Marketable Securities In An Unrealized Loss Position (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Fair Value Measurement
Fair Value Measurement - Schedule Of Financial Assets And Liabilities According To The Fair Value Hierarchy, Measured At Fair Value (Details)
Fair Value Measurement (Tables)
Income Taxes
Income Taxes - Narrative (Details)
Leases
Leases (Tables)
Leases - Components Of Lease Expense (Details)
Leases - Lease Term And Discount Rate Information (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Net Loss Per Share
Net Loss Per Share - Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share (Details)
Net Loss Per Share - Schedule Of The Calculation Of Basic And Diluted Net Loss Per Share Attributable To Common Stockholders (Details)
Net Loss Per Share (Tables)
Organization And Description Of Business
Organization And Description Of Business - Narrative (Details)
Related Party Transactions
Related Party Transactions - Narrative (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Liability Balances (Details)
Revenue From Contracts With Customers - Performance Obligations (Details)
Revenue From Contracts With Customers - Significant Changes In Contract Assets And Contract Liability Balances (Details)
Segment Information
Segment Information - Schedule Of Financial Information By Reportable Segment (Details)
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciliation Of Segment Financial Information To Loss From Operations (Details)
Stockholders' Equity
Stockholders' Equity - Schedule Of Stock Option Activity (Details)
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Restricted Stock Activity (Details)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Cash As Reported On The Condensed Consolidated Statements Of Cash Flows (Details)
Summary Of Significant Accounting Policies - Condensed Consolidated Statement Of Operations, Adoption Of New Revenue Standard (Details)
Summary Of Significant Accounting Policies - Condensed Consolidated Statements Of Cash Flows, Adotpion Of The New Revenue Standard (Details)
Summary Of Significant Accounting Policies - Narrative (Details)

Material Contracts, Statements, Certifications & more

Cloudera, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CLDR
CIK: 1535379
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-19-007611
Submitted to the SEC: Wed Jun 05 2019 5:27:29 PM EST
Accepted by the SEC: Wed Jun 05 2019
Period: Tuesday, April 30, 2019
Industry: Prepackaged Software

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