Cloudera Announces Fourth Quarter and FY 2020 Financial Results | Financial Buzz

Cloudera Announces Fourth Quarter and FY 2020 Financial Results

Cloudera, Inc. (NYSE: CLDR) announced fourth quarter and fiscal year 2020 financial results. Revenue for the fourth quarter amounted to USD 211.7 Million as subscription revenue reached USD 182 Million.  Recurring revenue on an annual scale grew 11% year over year.

“We continue to execute well, delivering another strong quarter in Q4 on financial and operational metrics. I am especially pleased that we’re seeing strong interest in CDP, with many customers across our base building plans for CDP Public Cloud adoption,” said Rob Bearden, chief executive officer, Cloudera. “In fiscal 2020, we finished the hard work of merger integration and completely re-positioned the company for long-term success. I could not be more enthusiastic about the set-up for Cloudera as we enter the next phase of the market’s evolution, helping our customers realize true hybrid and multi-cloud data solutions. We believe the opportunity for Cloudera has never been bigger and, with CDP Private Cloud expected in Q2, we believe it expands even further. Also, consistent with guidance, we plan to generate substantial non-GAAP operating income and cash flow in fiscal 2021.”

For fiscal year 2020, revenue amounted to USD 794.2 Million while subscription revenue summed up to USD 667.8 Million.  Net loss per share was USD 1.20 while GAAP loss from operations reached USD 339.8 Million.  The company has been authorized by the board of directors to repurchase up to USD 100 Million of Cloudera common stock through the open market, blocked traded and or private transactions. 

For fiscal 2021, revenue is expected to range from USD  860 – 880 Million.  Subscription revenue is anticipated to range from USD 750 – 760 Million.