- Young software vendor Cloudera, which makes money supporting and extending the "Hadoop" open-source data analysis program, beat quarterly expectations, forecast this quarter higher as well, and raised its year outlook.
Shares of Cloudera (CLDR), the startup that sells a distribution of the “Hadoop” data analysis tool, and that went public in late April, were higher by 98 cents, or almost 5%, at $22.39, in late trading, after the company this afternoon reported fiscal Q2 revenue that topped analysts’ expectations, and easily beat on the bottom line, beat with this quarter’s outlook, and raised its forecast for the full year.
Revenue in the three months ended in July rose 39%, year over year, to $89.8 million, yielding EPS of 17c cents, excluding some costs.
Analysts had been modeling $85.6 million in revenue and a 25-cent loss per share.
For the current quarter, the company is projecting revenue of $90 million to $92 million, and a non-GAAP net loss of 23 cents to 25 cents. That compares to consensus for $88.3 million and a 27-cent loss per share.
For the full year, the company sees revenue in a range of $355 million to $360 million, and a net loss of 93 cents to 95 cents, That is up from the company’s prior forecast for $345 million to $350 million, and negative $1.04 to $1.07 per share. it’s also better than consensus for $348 million and negative $1.05 per share.
CEO Tom Reilly noted the company’s “outperformance on sales, customer acquisition, customer expansion and cash flow objectives.
He said the company "exhibited strong momentum in the areas that drive sustained growth for Cloudera: machine learning, analytics and the cloud."
"Also, we are especially pleased to have strengthened our market position through the acquisition of a recognized leader in machine learning applied research, development and solutions, Fast Forward Labs."
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