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On Sept. 17, 2020, Cloudera (NYSE: CLDR) announced new services on its Cloudera Data Platform (CDP), focusing on data specialists. These include CDP Data Engineering, CDP Operational Database, and CDP Data Visualization, which enhance productivity and analytics capabilities. The services are designed to tackle exponential data growth, enabling secure collaboration among data teams across public and private clouds. CDP Data Engineering is now available on AWS, while the other two services are in technical preview, expected to launch later this year.
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Cloudera reported Q2 fiscal 2021 results with total revenue of $214.3 million, marking a 9% increase year-over-year. Subscription revenue rose 17% to $191.5 million, while Annualized Recurring Revenue grew 12% year-over-year, totaling $739 million. The company achieved a GAAP loss from operations of $36.5 million, an improvement from $89.1 million last year. Non-GAAP net income per share was $0.10, up from a loss of $0.02. Cloudera's outlook for Q3 projects total revenue of $207-$210 million.
Cloudera (NYSE: CLDR) announced its participation in four upcoming virtual financial conferences. These events include the Citi's 2020 Global Technology Conference on September 8 at 1:15 PM PT, the DA Davidson 19th Annual Software & Internet Conference on September 9 at 7:25 AM PT, the Jefferies Software Conference on September 14 at 1:00 PM PT, and the Deutsche Bank Technology Conference on September 15 at 1:40 PM PT. Live webcasts and replays will be accessible at investors.cloudera.com.
On August 18, 2020, Cloudera (NYSE: CLDR) announced the general availability of the Cloudera Data Platform Private Cloud (CDP Private Cloud), designed to enhance cloud-native capabilities in data centers. This platform allows businesses to respond rapidly to demands for analytics, enabling efficient data access and collaboration. It aims to reduce data center costs by increasing server utilization by up to 70%, while delivering up to 50% more analytics. The hybrid architecture can scale with both private and public clouds, supporting organizations in optimizing service level agreements.
Cloudera, Inc. (NYSE: CLDR) announced it will report its second quarter fiscal year 2021 financial results on September 2, 2020, after market close. The earnings call is scheduled for 2:00 PM Pacific Time (5:00 PM Eastern Time) the same day. The call will be accessible via a toll-free number and an international number, with a conference ID of 3554107. A live webcast will also be available on the company's website, providing a replay for two weeks post-call. Investors are encouraged to tune in for insights into Cloudera's performance.