=Cloudera (CLDR) reported earnings on Wed 13 March 19 (a/h)

Cloudera misses by $0.08, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY20 EPS below consensus, revs below consensus

• Reports Q4 (Jan) loss of $0.15 per share, $0.08 worse than the S&P Capital IQ Consensus of ($0.07); revenues rose 39.6% year/year to $144.5 mln vs the $209.29 mln S&P Capital IQ Consensus.
• Note: In its Q3 earnings report, it issued revenue guidance of $119-$122 mln. But, this didn't include any contribution from the Hortonworks acquisition, which closed back on Jan. 3.
• Adjusted annualized recurring revenue was $680.6 million, representing 24% year-over-year growth.
• Customers with annual recurring revenue greater than $100,000 were 976, up more than 85 in the period from October 3 (merger announcement) to January 31, 2019.
• Completed merger with Hortonworks on Jan. 3.
• Co issues downside guidance for Q1, sees EPS of ($0.25)-($0.22) vs. ($0.04) S&P Capital IQ Consensus; sees Q1 revs of $187-$190 mln vs. $219.01 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY20, sees EPS of ($0.36)-($0.32) vs. $0.10 S&P Capital IQ Consensus; sees FY20 revs of $835-$855 mln vs. $942.19 mln S&P Capital IQ Consensus.
• Commentary: "Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers. Enterprises want an enterprise data cloud, which offers the flexibility of both hybrid and multi-cloud delivery, as well as the versatility of multi-function analytics, all with common security and governance. As the open source data management and analytics standard, we believe Cloudera is uniquely positioned to deliver these capabilities at the data layer, bring the enterprise data cloud to our more than 2,000 customers and lead this new market."