Cloudera Q3 solid, ups Q4 outlook

Cloudera reported better-than-expected third quarter results as it aims to gain traction for its Cloudera Data Platform. The company reported a third quarter net loss of 29 cents a share on revenue of $198.3 million. The non-GAAP third quarter net loss was 3 cents a share.

Wall Street was expecting Cloudera to report a third quarter non-GAAP loss of 6 cents a share on revenue of $189.1 million. Interim CEO Marty Cole said the company executed well and added that the Cloudera Data Platform offers customers a competitive set of capabilities.

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