Cloudera (NYSE: CLDR) recently posted its fourth-quarter earnings. The software company's revenue grew 47% annually to $211.7 million, beating estimates by nearly $10 million. It posted a non-GAAP net profit of $0.04 per share, which topped estimates by seven cents and marked an improvement from its loss of $0.15 per share a year ago.
Cloudera expects its revenue to rise 8%-10% annually in the first quarter of 2021, with break-even earnings on a non-GAAP basis. It expects its full-year revenue to rise 8%-11% with non-GAAP earnings of $0.25-$0.29, compared to a loss of $0.13 in fiscal 2020. All those estimates either met or exceeded analysts' forecasts.
Cloudera's guidance was surprisingly confident since many companies either reduced or withdrew their guidance in the wake of the novel coronavirus (COVID-19) pandemic. During the conference call, Cloudera CFO Jim Frankola noted that the coronavirus was "more likely" to impact its services business, which generated just 14% of its revenue during the quarter, rather than its core subscription business, which relies on stable recurring revenue.
Source Fool.com