4 Things Cloudera Management Wants You to Know
In its second earnings call as a public company, big data and Hadoop distribution company Cloudera (NYSE: CLDR) reported a solid quarter. Revenue increased 39%, with core subscription revenue growing 46%. The company added 45 new Global 8000 clients in the quarter, bringing its total to 522. The all-important net retention rate was a strong 140%, meaning existing customers spent 40% more with Cloudera than last year, on average. Subscription gross margin increased from 83% to 85%, showing leverage in the business model.
As with rival Hortonworks (NASDAQ: HDP), Cloudera is benefiting from the secular tailwind of big data and machine learning at large enterprises. During the conference call with analysts, executives gave several reasons for the quarter's impressive results and talked about how Cloudera is investing in the future. Here's what investors need to know.
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Source: Fool.com
