Tech/Cloud Stock News Bites - Cloudera (NYSE: $CLDR) Reports Fourth Quarter Fiscal
Year 2020 Financial Results
Investorideas.com (www.investorideas.com) Tech/Cloud
Stock News Bites- PALO ALTO, Calif., - Cloudera, Inc. (NYSE: CLDR), the enterprise data
cloud company, reported results for its fourth quarter and fiscal year 2020,
ended January 31, 2020. Total revenue for the fourth quarter was $211.7
million, and subscription revenue was $182.0 million. Annualized Recurring
Revenue 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."
Except where noted, all prior period amounts include the
results of Hortonworks beginning January 3, 2019, the date the Company merged
with Hortonworks.
GAAP loss from operations for the fourth quarter of fiscal 2020
was $64.4 million, compared to a GAAP loss from operations of $87.0 million for
the fourth quarter of fiscal 2019.
Non-GAAP income from operations for the fourth quarter of fiscal
2020 was $11.0 million, compared to a non-GAAP loss from operations of $30.2
million for the fourth quarter of fiscal 2019.
Operating cash flow for the fourth quarter of fiscal 2020 was
negative $9.4 million, which includes $16.1 million of merger-related payments,
compared to operating cash flow of $40.2 million for the fourth quarter of
fiscal 2019.
GAAP net loss per share for the fourth quarter of fiscal 2020
was $0.22, compared to a GAAP net loss per share of $0.45 for the fourth
quarter of fiscal 2019.
Non-GAAP net income per share for the fourth quarter of fiscal
2020 was $0.04, compared to a non-GAAP net loss per share of $0.15 for the
fourth quarter of fiscal 2019.
For fiscal year 2020, total revenue was $794.2 million and
subscription revenue was $667.8 million.
GAAP loss from operations for fiscal year 2020 was $339.8
million, compared to a GAAP loss from operations of $193.8 million for fiscal
year 2019.
Non-GAAP loss from operations for fiscal year 2020 was $39.4
million, compared to a non-GAAP loss from operations of $67.3 million for
fiscal year 2019.
Operating cash flow for fiscal year 2020 was negative $36.8 million,
which includes $60.5 million of merger-related payments, compared to operating
cash flow of $34.3 million for fiscal year 2019.
GAAP net loss per share for fiscal year 2020 was $1.20, compared
to a GAAP net loss per share of $1.21 for fiscal year 2019.
Non-GAAP net loss per share for fiscal year 2020 was $0.13,
compared to a non-GAAP net loss per share of $0.41 for fiscal year 2019.
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 January 31, 2020, Cloudera had total cash, cash
equivalents, marketable securities and restricted cash of $486.5 million.
Read the company’s full news and
disclaimer here:
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