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

Cloudera, Inc.

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


SANTA CLARA, Calif. December 3, 2020 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its third quarter of fiscal 2021, ended October 31, 2020. Total revenue for the third quarter was $217.9 million, an increase of 10% as compared to the third quarter of fiscal 2020. Subscription revenue was $197.4 million, an increase of 18% as compared to the third quarter of fiscal 2020. Annualized Recurring Revenue grew 12% year-over-year.

“In the third quarter, CDP Private Cloud became generally available, we announced three new upcoming cloud-native services on CDP Public Cloud, and the number of CDP Public Cloud paying customers increased by more than 40%. With CDP Private Cloud now in-market, our hybrid multi-cloud offerings can be implemented by customers and our Enterprise Data Cloud vision is nearly complete. We are beginning to see an acceleration of migrations by existing customers from legacy Cloudera and Hortonworks platforms to CDP,” said Rob Bearden, chief executive officer, Cloudera. “We believe that Cloudera has never been better-positioned to capture more of the rapidly growing data management and analytics market opportunity for hybrid multi-cloud solutions. As a result, we have announced today that the board has authorized the repurchase of an additional $500 million in shares of our stock.”

Third Quarter Fiscal 2021 Results

GAAP loss from operations for the third quarter of fiscal 2021 was $12.3 million, compared to $82.5 million for the third quarter of fiscal 2020
Non-GAAP income from operations for the third quarter of fiscal 2021 was $49.3 million, compared to a non-GAAP loss from operations of $8.2 million for the third quarter of fiscal 2020
Operating cash flow for the third quarter of fiscal 2021 was $18.4 million, compared to negative $5.9 million for the third quarter of fiscal 2020
GAAP net loss per share for the third quarter of fiscal 2021 was $0.04 per share, compared to $0.29 per share for the third quarter of fiscal 2020
Non-GAAP net income per share for the third quarter of fiscal 2021 was $0.15 per share, compared to a non-GAAP net loss per share of $0.03 per share for the third 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 October 31, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $567.5 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of the third quarter of fiscal 2021 was $756 million, representing 12% year-over-year growth
GAAP subscription gross margin for the quarter was 87%, up from 82% in the third quarter of fiscal 2020
Non-GAAP subscription gross margin for the quarter was 91%, up from 86% in the third quarter of fiscal 2020
Cloudera recognized as a leader in The Forrester Wave(TM): Notebook-Based Predictive Analytics and Machine Learning, Q3 2020
Acquired Eventador, a provider of cloud-native services for streaming analytics, to deliver more customer value for real-time analytics use cases
Three new enterprise data cloud services designed specifically for data specialists were announced for Cloudera Data Platform (CDP): CDP Data Engineering; CDP Operational Database; and CDP Data Visualization

Business Outlook

The outlook for the fourth quarter of fiscal 2021, ending January 31, 2021 is:

Total revenue in the range of $219 million to $222 million
Subscription revenue in the range of $199 million to $202 million
Non-GAAP operating income in the range of $35 million to $40 million
Non-GAAP net income per share in the range of $0.10 to $0.12 per share
Diluted weighted-average share count of approximately 323 million shares




The following information was filed by Cloudera, Inc. (CLDR) on Thursday, December 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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Inside Cloudera, Inc.'s 10-Q Quarterly Report:

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 Goodwill (Details)
Balance Sheet Components - Schedule Of Intangible Assets (Details)
Business Combination - Narrative (Details)
Business Combinations
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)
Subsequent Events
Subsequent Events (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: 0001628280-20-017108
Submitted to the SEC: Fri Dec 04 2020 4:07:47 PM EST
Accepted by the SEC: Fri Dec 04 2020
Period: Saturday, October 31, 2020
Industry: Prepackaged Software

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