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Cloudera, Inc. (CLDR) SEC Filing 10-Q Quarterly report for the period ending Friday, July 31, 2020

Cloudera, Inc.

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


SANTA CLARA, Calif. September 2, 2020 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its second quarter of fiscal 2021, ended July 31, 2020. Total revenue for the second quarter was $214.3 million, an increase of 9% as compared to the second quarter of fiscal 2020. Subscription revenue was $191.5 million, an increase of 17% as compared to the second quarter of fiscal 2020. Annualized Recurring Revenue grew 12% year-over-year.

"We achieved a major milestone last month with the general availability of Cloudera Data Platform Private Cloud, significantly advancing our Enterprise Data Cloud strategy," said Rob Bearden, chief executive officer, Cloudera. "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. With CDP, we are participating in the fastest growing segment of the market through cloud-native services. Uniquely, we also benefit from demand for hybrid and multi-cloud solutions that allow enterprises to optimize the performance, cost and security of workloads and use cases."

Second quarter Fiscal 2021 results

GAAP loss from operations for the second quarter of fiscal 2021 was $36.5 million, compared to $89.1 million for the second quarter of fiscal 2020
Non-GAAP income from operations for the second quarter of fiscal 2021 was $29.8 million, compared to a non-GAAP loss from operations of $7.4 million for the second quarter of fiscal 2020
Operating cash flow for the second quarter of fiscal 2021 was $32.4 million, compared to negative $33.0 million for the second quarter of fiscal 2020
GAAP net loss per share for the second quarter of fiscal 2021 was $0.12 per share, compared to $0.31 per share for the second quarter of fiscal 2020
Non-GAAP net income per share for the second quarter of fiscal 2021 was $0.10 per share, compared to a non-GAAP net loss per share of $0.02 per share for the second 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. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.

As of July 31, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $568.7 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of the second quarter of fiscal 2021 was $739 million, representing 12% year-over-year growth
GAAP subscription gross margin for the quarter was 85%, up from 82% in the second quarter of fiscal 2020
Non-GAAP subscription gross margin for the quarter was 89%, up from 86% in the second quarter of fiscal 2020
Cloudera Data Platform (CDP) Private Cloud is now generally available
CDP Public Cloud is now available on AWS Marketplace in strategic collaboration agreement with AWS
Sarah Shin was promoted to new role of Chief Diversity Officer

Business Outlook

The outlook for the third quarter of fiscal 2021, ending October 31, 2020, is:

Total revenue in the range of $207 million to $210 million
Subscription revenue in the range of $187 million to $190 million
Non-GAAP operating income in the range of $27 million to $31 million
Non-GAAP net income per share in the range of $0.08 to $0.10 per share
Diluted weighted-average share count of approximately 320 million shares









The following information was filed by Cloudera, Inc. (CLDR) on Wednesday, September 2, 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)
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: 0001628280-20-013328
Submitted to the SEC: Fri Sep 04 2020 4:13:43 PM EST
Accepted by the SEC: Fri Sep 04 2020
Period: Friday, July 31, 2020
Industry: Prepackaged Software

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