Cloudera has reported the first quarter of fiscal year 2021 results, ending April 30, 2020, the company announced on Thursday.
"We executed extremely well in Q1, particularly as the pandemic was in full effect for more than half of our fiscal quarter," said Rob Bearden, chief executive officer, Cloudera. "We believe that remote working environments have placed heightened importance on data, data analysis and data security, which has increased the value of data architecture design and the criticality of hybrid cloud solutions.”
Cloudera reported a total revenue for the first quarter of $210.5 million, an increase of 12 percent as compared to the first quarter of fiscal 2020. The company’s subscription revenue was $187.1 million, an increase of 21 percent as compared to the first quarter of fiscal 2020. The annualized Recurring Revenue grew 11 percent year-over-year.
Cloudera reported a GAAP loss from operations for the first quarter of fiscal 2021 of $55.8 million, compared to $103.8 million for the first quarter of fiscal 2020 and Non-GAAP income from operations for the first quarter of fiscal 2021 of $17.3 million, compared to a non-GAAP loss from operations of $34.7 million for the first quarter of fiscal 2020.
The company’s operating cash flow for the first quarter of fiscal 2021 was $68.4 million, compared to $11.5 million for the first quarter of fiscal 2020. Cloudera’s GAAP net loss per share for the first quarter of fiscal 2021 was $0.20 per share, compared to $0.38 per share for the first quarter of fiscal 2020.
Non-GAAP net income per share for the first quarter of fiscal 2021 was $0.05 per share, compared to a non-GAAP net loss per share of $0.13 per share for the first quarter of fiscal 2020. As of April 30, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $518.7 million.
The company’s annualized recurring revenue at the conclusion of the first quarter of fiscal 2021 was $723.4 million, representing 11 percent year-over-year growth. GAAP subscription gross margin for the quarter was 85 percent, up from 81 percent in the first quarter of fiscal 2020. Non-GAAP subscription gross margin for the quarter was 88 percent, up from 85p percent in the first quarter of fiscal 2020.
Cloudera has expanded its partnership with Google Cloud Platform (GCP) to integrate CDP Public Cloud with GCP and offer the joint product on GCP Marketplace. The company has also introduced new MLOps features and extended SDX to machine learning models as part of its CDP Machine Learning public cloud service.
“CDP Public Cloud is accomplishing exactly what we had hoped in that it has enabled a hybrid multi-cloud architecture for our customers and enhanced our value proposition with customers who plan to take advantage of public cloud infrastructure for certain types of workloads," added Bearden.
About Cloudera
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world's largest enterprises.
