Free Post Earnings Research Report: Cloudera’s Revenue Grew 41%

LONDON, UK / ACCESSWIRE / January 09, 2018 / Active-Investors.com has just released a free earnings report on Cloudera, Inc. (NYSE: CLDR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CLDR. The Company posted its financial results on December 07, 2017, for the third quarter fiscal 2018. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Cloudera most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For three months ended October 31, 2017, Cloudera's revenues increased 41% to $94.57 million from $67.26 million in Q3 FY17. The Company's revenues surpassed analysts' expectations of $91.26 million.

For the reported quarter, the Company's gross profit increased 37.1% to $61.44 million from $44.82 million in Q3 FY17. During Q3 FY18, Cloudera's gross margin decreased 200 basis points to 65% of revenue from 67% of revenue in Q3 FY17. For the reported quarter, the Company's adjusted gross margin increased 400 basis points to 73% of revenue from 69% of revenue in Q3 FY17.

For the reported quarter, the Company's operating loss was $56.59 million compared to operating loss of $43.99 million in Q3 FY17. For the reported quarter, the Company's adjusted operating loss was $24.41 million compared to adjusted operating loss of $37.73 million in Q3 FY17.

During Q3 FY18, Cloudera's earnings before tax (EBT) was negative $55.58 million compared to negative $43.59 million in the same period last year.

For the reported quarter, Cloudera's net loss was $55.34 million compared to net loss of $44.05 million in Q3 FY17. During Q3 FY18, the Company's diluted EPS was negative $0.40 compared to negative $1.20 in the same period last year. For the reported quarter, Cloudera's adjusted net loss was $23.15 million compared to adjusted net loss of $37.78 million in Q3 FY17. During Q3 FY18, the Company's adjusted diluted EPS was negative $0.17 compared to negative $0.34 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of negative $0.24.

Cloudera's Segment Details

Subscription - During Q3 FY18, the Company's subscription segment's revenue increased 48% to $78.11 million from $52.73 million in the same period last year. For the reported quarter, the segment's gross profit increased 48.1% to $63.62 million from $42.95 million in Q3 FY17.

Services - During Q3 FY18, the Company's services segment's net revenue increased 13.3% to $16.46 million from $14.53 million in the same period last year. For the reported quarter, the segment's gross profit was negative $2.18 million compared to positive $1.87 million in Q3 FY17.

Balance Sheet

As on October 31, 2017, Cloudera's cash and cash equivalents decreased 15.4% to $62.80 million from $74.19 million on January 31, 2017.

For the reported quarter, the Company's net accounts receivable decreased 34.8% to $66.17 million from $101.55 million in Q4 FY17. For the reported quarter, the Company's accounts payable decreased 50.4% to $1.76 million from $3.55 million in Q4 FY17.

During Q3 FY18, the Company's net cash provided by operating activities was negative $2.42 million compared to negative $32.52 million in the same period last year.

Outlook

For Q4 FY18, the Company expects revenue to be in the range of $97 million to $99 million. The Company estimates net loss to be in the range of $66 million to $63 million and adjusted net loss to be in the range of $34 million to 31 million for Q4 FY18.

For FY18, the Company expects revenue to be in the range of $361 million to $363 million. The Company estimates net loss to be in the range of $408 million to $405 million and adjusted net loss to be in the range of $112 million to $109 million for fiscal 2018.

Stock Performance Snapshot

January 08, 2018 - At Monday's closing bell, Cloudera's stock was slightly down 0.58%, ending the trading session at $17.15.

Volume traded for the day: 866.36 thousand shares.

Stock performance in the last month – up 9.03%; previous three-month period – up 2.08%; past six-month period – up 4.64%; and year-to-date – up 3.81%

After yesterday's close, Cloudera's market cap was at $2.42 billion.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.4% at the end of the session.

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