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Categories: AWS Cloudera google Hadoop Microsoft Oracle

Summary Despite recent product innovations, the market is not too pleased with @Cloudera . Some believe that the company is “likely to die a slow death” as its offerings fail to impress customers and the financials continue to bleed. Bigger players like @Amazon, @Microsoft, @Oracle and @Google have all released their #Hadoop offerings. To counter their growth, smaller players like Cloudera have had little choice but to engage in a price war – a move that could make the company’s profitability a distant dream. According to a report published by SNS Research late last year, the global big data hardware, software and professional services markets were estimated to grow to $57 billion last year. The researcher estimates that through the period 2020, the market will grow 10% annually to $76 billion. Big Data vendor and Billion-Dollar Unicorn club member Cloudera (NYSE:CLDR) listed last year. But the company has had a choppy run in the public market so far. Cloudera’s Financials Cloudera recently announced its third-quarter results. Revenues grew 41% over the year to $94.6 million, ahead of the market’s forecast of $91.3 million. The company reported a third-quarter net loss of $55.3 million, or $0.40 per share, compared with loss of $44 million, or $1.20 per share, reported a year ago. During the quarter, adjusted loss came in at $0.17 per share, compared with the Street’s estimate of a net loss of $0.24 per share. Subscriptions revenues grew 48% to $78.1 million and accounted for 83% of total revenues, compared with 78% a year ago. Services revenues grew 13% over the year to $16.5 million. It added 23 net new Global 8000 customers in the quarter.

https://seekingalpha.com/article/4137883-billion-dollar-unicorns-cloudera-continues-stumble

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