Earnings Review and Free Research Report: Cloudera’s Revenue Surged 41%; Net Loss Narrowed

Research Desk Line-up: pdvWireless Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Cloudera, Inc. (NYSE: CLDR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CLDR, following the Company’s disclosure of its first quarter fiscal 2018, ended April 30, 2017 earnings results on June 08th, 2017. The provider of the leading global platform for machine learning and advanced analytics reported strong first quarter as a public company. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected pdvWireless, Inc. (NASDAQ: PDVW) for due-diligence and potential coverage as the Company reported on June 06, 2017, its financial results for Q4 and fiscal year end which ended on March 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on pdvWireless when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CLDR; also brushing on PDVW. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=CLDR

http://protraderdaily.com/optin/?symbol=PDVW

Earnings Reviewed

Cloudera announced total revenue of $79.6 million for the quarter ended April 30, 2017, up 41% compared to net revenue of $56.5 million in Q1 FY17. The Company’s subscription revenue was $64.7 million for the reported quarter, contributing 81% of Cloudera’s total revenue with an increase of 59% from year ago same period. Cloudera’s revenue numbers came in ahead of analysts’ expectations of $75.8 million.

During Q1 FY18, Cloudera’s net expansion rate was 142%, mainly driven by the introduction of Cloudera Altus as its first Platform-as-a-Service. The Company’s GAAP loss from operations was $222.3 million compared to a GAAP loss from operations of $43.5 million for Q1 FY17. The Company’s non-GAAP loss from operations for the reported quarter was $30.3 million compared to a non-GAAP loss from operations of $37.0 million in the year-ago same period.

Cloudera’s GAAP net loss per share for Q1 FY18 was $5.78 per share compared to a GAAP net loss per share of $1.20 per share in Q1 FY17. The Company’s reported quarter results included a $191.1 million stock-based compensation charge as well as $0.9 million relating to the amortization of acquired intangible assets. Collectively, the impact on net loss per share was negative $4.99 per share. Cloudera’s non-GAAP net loss per share for Q1 FY18 was $0.27 per share compared to non-GAAP net loss per share of $0.33 per share in Q1 FY17. The Company’s earning loss was better than market expectations for a loss of $0.35 per share.

Important Metrics

For Q1 FY18, Cloudera’s subscription’s gross margin was 84% over 500 basis points higher than in the year ago same period, while Services’ gross margin for the reported quarter was 11% versus 29% in the prior year’s comparable quarter with a blended gross margin of 70% for Q1 FY18. Cloudera made aggressive investments through Intel funding and targeted to add new customers which resulted in increasing its customer base from 510 to 8,000 globally. The Company’s dollar-based net expansion rate was 142% for Q1 FY18.

In Q1 FY18, Cloudera invested $28 million in machine learning and the cloud, research, and development with a vision of long-term investments to address and develop the ongoing product capabilities to target markets.

Cash Flow

For Q1 FY18, Cloudera’s operating cash flow was positive $5.0 million compared to operating cash flow of negative $23.6 million in Q1 FY17, driven by strong collections and continued improvement in operating efficiencies.

Outlook

For Q2 FY18, Cloudera is forecasting revenue in the range of $85 million to $86 million, representing 32% to 33% y-o-y growth and with subscription revenue in the range of $70 million to $71 million, representing 38% to 40% y-o-y growth. The Company is expecting non-GAAP net loss per share in the range of $0.26 to $0.24 per share.

For FY18, Cloudera is estimating total revenue in the range of $345 million to $350 million, representing 32% to 34% year-over-year growth. Non-GAAP net loss per share is expected to be in the range of $1.07 to $1.04 per share and non-GAAP weighted-average shares outstanding of approximately 133 million shares.

Stock Performance

On Tuesday, June 27, 2017, Cloudera’s stock closed the trading session at $16.00, slipping 1.42% from its previous closing price of $16.23. A total volume of 721.89 thousand shares were exchanged during the session. The stock currently has a market cap of $2.14 billion.

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