Finance

Cloudera (NYSE:CLDR) declares results for its second quarter of fiscal year 2020

Cloudera (NYSE:CLDR) changed 0.42% to recent value of $7.21. The stock transacted 19001003 shares during most recent day however it has an average volume of 10037.27K shares. It spotted trading -64.27% off 52-week high price. On the other end, the stock has been noted 47.44% away from the low price over the last 52-weeks.

On Sept. 04, 2019, Cloudera (NYSE:CLDR) the enterprise data cloud company, declared results for its second quarter of fiscal year 2020, ended July 31, 2019. Total revenue for the second quarter was $196.7 million, and subscription revenue was $164.1 million. Annualized Recurring Revenue grew 16% year-over-year.

We executed better in Q2, exceeding expectations on all our financial measures. Most importantly, we delivered an initial release of our cloud-native data management and analytics offering, Cloudera Data Platform. We already have a select group of customers evaluating this rich set of public cloud services, CDP Data Hub, Data Warehouse, and Machine Learning, said Marty Cole, chairman of the board and interim chief executive officer, Cloudera. We are focused on meeting our customers’ demands for hybrid and multi-cloud solutions that support use cases from the Edge to AI. That is the promise of CDP and the enterprise data cloud. Also, our internal metrics and pipeline generation have materially improved from Q1 levels. Together with solid execution in our second quarter, we are ‘on plan’ for achieving our objectives for this fiscal year.

All numbers reported for prior periods are presented for Cloudera on a standalone basis since the merger with Hortonworks closed on January 3, 2019, and, as such, there is no comparative year-over-year financial information for the combined company.

GAAP loss from operations for the second quarter of fiscal 2020 was $89.1 million, compared to a GAAP loss from operations of $29.4 million for the second quarter of fiscal 2019.

Non-GAAP loss from operations for the second quarter of fiscal 2020 was $7.4 million, compared to a non-GAAP loss from operations of $8.3 million for the second quarter of fiscal 2019.

Operating cash flow for the second quarter of fiscal 2020, which includes $13.3 million of merger-related payments, was negative $33.0 million, compared to operating cash flow of negative $23.6 million for the second quarter of fiscal 2019.

 CLDR has a gross margin of 71.00% and an operating margin of -43.80% while its profit margin remained -43.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 42.00% for this year while earning per share for the next 5-years is expected to reach at 20.00%.

 The company has 269.59M of outstanding shares and 267.5M shares were floated in the market. According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.12% from the mean of 20 days, 18.80% from mean of 50 days SMA and performed -28.09% from mean of 200 days price. Company’s performance for the week was 6.03%, 11.27% for month and YTD performance remained -34.81%.

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