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Cloudera boss claims Hortonworks wedding planning is ahead of schedule

Submitted by on December 6, 2018 – 11:48 pmNo Comment

Plans for the merger between former Hadoop-flingers Cloudera and Hortonworks are ahead of schedule, Cloudera boss Tom Reilly has said. Reilly talked up the financial and technical benefits of the deal during the earnings call for his firm’s third quarter of fiscal 2019, which saw revenues for Cloudera increase revenues as losses narrowed.

Cloudera Impala

Revenues were $118.2m for the three months to 31 October, up 25 per cent on the previous year’s quarter, while operating losses dropped significantly, from $57m on the year-ago quarter, down to $26.4m. The firm did spend less in Q3 though: operating expenses were $114.6m, down on $118.0m, with slightly less forked out on R&D ($37.6m) and about $10m less on sales and marketing ($55m).

To read the entire article, please click https://www.theregister.co.uk/2018/12/06/cloudera_q3_2019/