Cloudera Soars After Turning Surprise Profit in Q4

This post was originally published on this site
© Reuters. © Reuters.

By Yasin Ebrahim – Cloud company Cloudera jumped in after-hours trade Monday after delivering a surprise fourth-quarter profit.

Cloudera (NYSE:) was up 13% in postmarket trade.

The company reported earnings per share of $0.04 on revenue of $211.7 million, compared with estimates for a loss of $0.03 loss and revenue of $221.64.

The company guided first-quarter sales within a range of $202 million to $207 million, matching forecasts of $206.18 million and earnings per share in a range of -$0.01 to $0.01, better than estimates for a $0.04 loss.

Subscription revenue, which makes up the bulk of total revenue, rose 48% to $182 million.

“I am especially pleased that we’re seeing strong interest in CDP, with many customers across our base building plans for CDP Public Cloud adoption,” said CEO Rob Bearden.

Full-year sales were expected in a range of $860 million to $880 million, in line with expectations for $866.09 million.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.