For Cloudera the third time is the charm

Practically given up for dead after a disastrous post-merger quarter a year ago, Cloudera has continued its comeback with its third straight quarter of better than expected results. As Stephanie Condon reported a few days back, non-GAAP Q4 net revenue came in at $211.7 million, beating analyst estimates by about $10 million and a penny per share. the company finished the year at $794.2 million.

More to the point, the quarter was not a lark, but the latest in a string of better than expected quarters following a disastrous Q1 last year where renewals tanked immediately following the Hortonworks merger. Losses of 38 cents a share, compared to Street expectations of 23 cents, sent then-CEO Tom Reilly packing. In retrospect, the company underestimated the disruption of the merger and the likelihood that customers would take a pause until they learned about the product direction of the combined company.

To read the entire article, please click on https://www.zdnet.com/article/for-cloudera-the-third-time-is-the-charm/