S

Sramana Mitra's Sramana Mitra On Strategy

Entrepreneur and Strategy Consultant Sramana Mitra's
technology and entrepreneurship blog, written from the
cultural context of Silicon Valley.

  • Rated2.3/ 5
  • Updated 1 Day Ago

What Apps Will Drive More Traction for Cloudera? | Sramana Mitra

Updated 4 Years Ago

What Apps Will Drive More Traction For Cloudera? | Sramana Mitra
Last year, Hadoop services providers Cloudera (NYSE: CLDR) and Hortonworks merged under the Cloudera umbrella. The $5.2 billion merger was completed earlier this year. The combined entity announced its first quarterly performance since the merger that surpassed market expectations, but the outlook was weak. Cloudera's Financials Cloudera's fourth quarter revenues grew 37% over the year to $144.5 million, ahead of the market's forecast of $121 million. It ended the quarter with a net loss of $85.5 million or $0.45 per share due to $30 million of merger related expenses. During the quarter, R&D spend rose 29% to $37.4 million, and sales and marketing expenses surged 31% to $63.5 million. On an adjusted basis, losses came in at $0.15 per share compared with an adjusted loss of $0.11 per share forecast by the market. During the quarter, subscription revenues grew 42% to $123 million and services revenues grew 14% to $21.5 million. Overall, Hortonworks contributed $15 million to total
Read More