Cloudera Data Platform to debut, as big data fortunes waver - Virtual Intelligence Briefing

Cloudera Data Platform to debut, as big data fortunes waver

Big data stalwart Cloudera is a vendor in transition, with an interim CEO, a new acquisition and a major release coming soon with the Cloudera Data Platform, on which much of the company’s fortunes is riding. Cloudera on Sept. 4 reported its second quarter fiscal 2020 financial results, losing $87 million, or 31 cents a share, but with revenues rising higher than expectations to $196.7 million, up from $113 million a year ago. Cloudera stock was markedly up in trading this week.

Cloudera also made public its acquisition of certain assets of big data analytics vendor Arcadia Data, for an undisclosed price, to help further expand the Cloudera portfolio. Arcadia’s ArcEngine technology and related services provide artificial intelligence powered analytics and business intelligence.

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