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Cloudera, Inc. (CLDR) SEC Filing 10-Q Quarterly report for the period ending Thursday, April 30, 2020

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Cloudera, Inc.

CIK: 1535379 Ticker: CLDR
Exhibit 99.1
Cloudera Reports First Quarter Fiscal 2021 Financial Results


PALO ALTO, Calif. June 3, 2020 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its first quarter of fiscal 2021, ended April 30, 2020. Total revenue for the first quarter was $210.5 million, an increase of 12% as compared to the first quarter of fiscal 2020. Subscription revenue was $187.1 million, an increase of 21% as compared to the first quarter of fiscal 2020. Annualized Recurring Revenue grew 11% year-over-year.

"We executed extremely well in Q1, particularly as the pandemic was in full effect for more than half of our fiscal quarter,” said Rob Bearden, chief executive officer, Cloudera. “We believe 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. In addition, CDP Public Cloud is accomplishing exactly what we had hoped in that it has enabled a hybrid multi-cloud architecture for our customers and enhanced our value proposition with customers who plan to take advantage of public cloud infrastructure for certain types of workloads."

First quarter Fiscal 2021 results

GAAP loss from operations for the first quarter of fiscal 2021 was $55.8 million, compared to $103.8 million for the first quarter of fiscal 2020

Non-GAAP income from operations for the first quarter of fiscal 2021 was $17.3 million, compared to a non-GAAP loss from operations of $34.7 million for the first quarter of fiscal 2020

Operating cash flow for the first quarter of fiscal 2021 was $68.4 million, compared to $11.5 million for the first quarter of fiscal 2020

GAAP net loss per share for the first quarter of fiscal 2021 was $0.20 per share, compared to $0.38 per share for the first quarter of fiscal 2020

Non-GAAP net income per share for the first quarter of fiscal 2021 was $0.05 per share, compared to a non-GAAP net loss per share of $0.13 per share for the first quarter of fiscal 2020

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. Unlike the prior comparable period in fiscal 2020, our non-GAAP financial measures now also exclude extraordinary non-cash real estate impairment charges. However, we did not have any such impairment charges in the first quarter of fiscal 2021. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.

As of April 30, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $518.7 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of the first quarter of fiscal 2021 was $723.4 million, representing 11% year-over-year growth
GAAP subscription gross margin for the quarter was 85%, up from 81% in the first quarter of fiscal 2020
Non-GAAP subscription gross margin for the quarter was 88%, up from 85% in the first quarter of fiscal 2020
Expanded our partnership with Google Cloud Platform (GCP) to integrate CDP Public Cloud with GCP and offer the joint product on GCP Marketplace
CDP Private Cloud will debut at an upcoming virtual event, IBM and Cloudera: The Journey to Hybrid Cloud and AI, on June 11, 2020
Introduced new MLOps features and extended SDX to machine learning models as part of our CDP Machine Learning public cloud service
Four Cloudera channel leaders recognized as CRN 2020 Women of the Channel



The following information was filed by Cloudera, Inc. (CLDR) on Wednesday, June 3, 2020 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

Cover Page
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 (Tables)
Balance Sheet Components - Narrative (Details)
Balance Sheet Components - Schedule Of Accrued Compensation And Other Accrued Liabilities (Details)
Balance Sheet Components - Schedule Of Cost And Accumulated Depreciation And Amortization Of Property And Equipment (Details)
Balance Sheet Components - Schedule Of Expected Future Amortization Expense Of Intangible Assets (Details)
Balance Sheet Components - Schedule Of Intangible Assets (Details)
Cash Equivalents And Marketable Securities
Cash Equivalents And Marketable Securities (Tables)
Cash Equivalents And Marketable Securities - Schedule Of Contractual Maturities Of Investments In Available-For-Sale Securities (Details)
Cash Equivalents And Marketable Securities - Schedule Of Fair Values Of Cash Equivalents And Marketable Securities (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Common Stock Repurchases
Common Stock Repurchases - Narrative (Details)
Derivative Contracts
Derivative Instruments And Hedging Activities (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Schedule Of Financial Assets According To Fair Value Hierarchy, Measured At Fair Value (Details)
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 (Tables)
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)
Related Party Transactions
Related Party Transactions - Narrative (Details)
Revenue From Contract With Customer - Narrative (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Remaining Performance Obligations (Details)
Revenue From Contracts With Customers - Summary Of Contract Liabilities Balances (Details)
Revenue From Contracts With Customers - Summary Of Significant Changes In Contract Assets And Liabilities Balances (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciliation Of Segment Financial Information To Loss From Operations (Details)
Segment Information - Schedule Of Financial Information By Reportable Segment (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Schedule Of Restricted Stock Activity (Details)
Stock-Based Compensation - Schedule Of Stock Option Activity (Details)
Summary Of Business And Significant Accounting Policies
Summary Of Business And Significant Accounting Policies (Policies)
Summary Of Business And Significant Accounting Policies - Narrative (Details)
Ticker: CLDR
CIK: 1535379
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-20-009075
Submitted to the SEC: Fri Jun 05 2020 4:09:27 PM EST
Accepted by the SEC: Fri Jun 05 2020
Period: Thursday, April 30, 2020
Industry: Prepackaged Software

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