Cloudera Inc. (NYSE: CLDR) said on Thursday that its adjusted earnings and revenue in the fiscal third quarter were better than what analysts had anticipated.
At £9.23 per share, Cloudera is currently about 7% up year to date in the stock market after recovering from a low of £3.94 per share in March. The stock had rallied to as high as £10.31 per share in the first week of September.
Cloudera’s Q3 financial results versus analysts’ estimates
Cloudera said that its net loss in the third quarter printed at £10.38 million that translates to 2.98 pence per share. In the same quarter last year, it had reported a much broader £61.09 million of loss or 21.58 pence per share. In separate news from the U.S., DocuSign also reported its quarterly financial results on Thursday.
On an adjusted basis, the software company earned 11.16 pence per share. In terms of revenue, Cloudera posted £162.13 million in the recent quarter versus the year-ago figure of £147.55 million. The U.S. company’s revenue in Q3 was up 10% on a year over year basis. Cloudera announced winners of the Annual Data Impact awards in November.
Cloudera said that its subscriptions revenue in the third quarter stood at £146.88 million that represents an 18% annualised growth. According to FactSet, analysts had forecast the company to record £155.59 million of revenue in the third quarter. Their estimate for per-share earnings in Q3 was capped at 6.70 pence.
Cloudera’s guidance for the fiscal fourth quarter
For the fiscal fourth quarter, Cloudera now forecasts its per-share non-GAAP earnings to fall in the range of 29.76 pence to 31.25 pence. It expects its revenue between £162.95 million and £165.18
