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Cloudera, Inc. (CLDR) SEC Filing 10-Q Quarterly Report for the period ending Saturday, July 31, 2021

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR
Exhibit 99.1
Cloudera Reports Second Quarter Fiscal 2022 Financial Results and Leadership Transitions


SANTA CLARA, Calif., August 30, 2021 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its second quarter of fiscal 2022, ended July 31, 2021. Total revenue for the second quarter was $236.1 million, an increase of 10% as compared to the second quarter of fiscal 2021. Subscription revenue was $213.3 million, an increase of 11% as compared to the second quarter of fiscal 2021. Annualized Recurring Revenue grew 13% year-over-year.

“Excellent fiscal second quarter performance, including strong ARR growth, was driven by continued adoption of our CDP hybrid and multi-cloud solution-set,” said Rob Bearden, chief executive officer of Cloudera. “We are also pleased to announce that shareholders have approved our proposed transaction with CD&R and KKR, which we believe will accelerate our hybrid data cloud strategy and enable further investment in product innovation.”

Separately, Cloudera today announced that Chief Financial Officer, Jim Frankola, will transition from his role as CFO to a newly created position, Strategic Advisor, upon closing of the transaction with CD&R and KKR. Kevin Cook, currently Senior Vice President, Finance will succeed Mr. Frankola as Chief Financial Officer.

“I greatly appreciate Jim’s professionalism, expertise and many contributions to Cloudera’s development and achievements over almost ten years of service,” said Mr. Bearden. “I thank Jim for his dedication to Cloudera and being a valued colleague to me, and I look forward to working with him in his new role. I also look forward to continuing to work with Kevin to drive Cloudera’s growth, financial and strategic objectives.”

In addition, it was announced that Chief Product Officer, Arun Murthy, will depart Cloudera effective immediately.

Second Quarter Fiscal 2022 Results

GAAP loss from operations for the second quarter of fiscal 2022 was $32.9 million, compared to $36.5 million for the second quarter of fiscal 2021
Non-GAAP income from operations for the second quarter of fiscal 2022 was $44.5 million, compared to $29.8 million for the second quarter of fiscal 2021
Operating cash flow for the second quarter of fiscal 2022 was negative $12.2 million, compared to $32.4 million for the second quarter of fiscal 2021
GAAP net loss per share for the second quarter of fiscal 2022 was $0.11 per share, compared to $0.12 per share for the second quarter of fiscal 2021
Non-GAAP net income per share for the second quarter of fiscal 2022 was $0.15 per share, compared to $0.10 per share for the second 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 July 31, 2021, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $796.1 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of the second quarter of fiscal 2022 was $832 million, representing 13% year-over-year growth
GAAP subscription gross margin for the quarter was 88%, up from 85% in the second quarter of fiscal 2021
Non-GAAP subscription gross margin for the quarter was 91%, up from 89% in the second quarter of fiscal 2021
CDP Private Cloud 7.1.7 became generally available
Cloudera selected by LG Uplus to strengthen its 5G market leadership position
CDP DataFlow for the Public Cloud became available on AWS
Cloudera to offer CDP on Alibaba Cloud in the Greater China Region
Cloudera DataFlow won DBTA Readers' Choice Award for "Best Data Integration Solution"



The following information was filed by Cloudera, Inc. (CLDR) on Monday, August 30, 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)
Business Combinations
Business Combinations - Narrative (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 - Goodwill (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: 0001628280-21-018015
Submitted to the SEC: Thu Sep 02 2021 4:05:04 PM EST
Accepted by the SEC: Thu Sep 02 2021
Period: Saturday, July 31, 2021
Industry: Prepackaged Software

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