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Cloudera, Inc. (CLDR) SEC Filing 10-Q Quarterly Report for the period ending Friday, April 30, 2021

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR
Exhibit 99.1
Cloudera Reports First Quarter Fiscal 2022 Financial Results


SANTA CLARA, Calif. June 1, 2021 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its first quarter of fiscal 2022, ending April 30, 2021. Total revenue for the first quarter was $224.3 million, an increase of 7% as compared to the first quarter of fiscal 2021. Subscription revenue was $200.7 million, an increase of 7% as compared to the first quarter of fiscal 2021. Annualized Recurring Revenue grew 12% year-over-year.

“Our strong fiscal first quarter results reflect continued CDP momentum and customer enthusiasm for our market leading hybrid multi-cloud solution-set,” said Rob Bearden, chief executive officer of Cloudera. “We are also pleased to announce our transaction with CD&R and KKR. This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera’s long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle - from the Edge to AI. We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and flexibility to drive product-led growth and expand our addressable market opportunity.”

First Quarter Fiscal 2022 Results

GAAP loss from operations for the first quarter of fiscal 2022 was $33.8 million, compared to $55.8 million for the first quarter of fiscal 2021
Non-GAAP income from operations for the first quarter of fiscal 2022 was $42.5 million, compared to $17.3 million for the first quarter of fiscal 2021
Operating cash flow for the first quarter of fiscal 2022 was $162.2 million, compared to $68.4 million for the first quarter of fiscal 2021
GAAP net loss per share for the first quarter of fiscal 2022 was $0.14, compared to $0.20 for the first quarter of fiscal 2021
Non-GAAP net income per share for the first quarter of fiscal 2022 was $0.12, compared to $0.05 for the first quarter of fiscal 2021

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, 2021, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $902.5 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of the first quarter of fiscal 2022 was $805 million, representing 12% year-over-year growth
GAAP subscription gross margin for the quarter was 88%, up from 85% in the first quarter of fiscal 2021
Non-GAAP subscription gross margin for the quarter was 91%, up from 88% in the first quarter of fiscal 2021
Announced agreement to acquire Datacoral to deliver fast and easy data transformations and integrations for any type of data via a robust multi-tenant SaaS architecture
Announced agreement to acquire Cazena to deliver instant cloud data lakes, making it easier to operate and use CDP Public Cloud
CDP available on Google Cloud and GCP Marketplace
Dell EMC PowerScale/Isilon 8.2.2 certified for CDP Private Cloud
CDP Public Cloud ISO 27001 certified

Transaction with Clayton, Dubilier & Rice and KKR

In a separate press release issued today, Cloudera announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR for approximately $5.3 billion in cash, or $16.00 per share. The press release announcing the transaction is available on the Investor Relations section of Cloudera’s website. The transaction is expected to close in the second half of 2021, subject to customary closing conditions, including approval by Cloudera stockholders and receipt of regulatory approvals. Upon closing of the transaction, Cloudera will become a private company, and its common stock will no longer be listed on any public market.



The following information was filed by Cloudera, Inc. (CLDR) on Tuesday, June 1, 2021 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)
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)
Debt
Debt (Tables)
Debt - Expected Future Principal Payments (Details)
Debt - Narrative (Details)
Derivative Contracts
Derivative Instruments And Hedging Activities (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Narrative (Details)
Fair Value Measurement - Schedule Of Financial Assets According To Fair Value Hierarchy, Measured At Fair Value (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Future Amortization Expense (Details)
Goodwill And Intangible Assets - Narrative (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (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 Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Narrative (Details)
Revenue From Contracts With Customers - Remaining Performance Obligations (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: 0001628280-21-011680
Submitted to the SEC: Fri Jun 04 2021 4:04:34 PM EST
Accepted by the SEC: Fri Jun 04 2021
Period: Friday, April 30, 2021
Industry: Prepackaged Software

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