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PALO ALTO, Calif., Dec. 7, 2017 /PRNewswire/ – @Cloudera, Inc. (NYSE: #CLDR), the modern platform for machine learning and analytics optimized for the cloud, reported results for its third quarter of fiscal 2018, ended October 31, 2017. Total revenue was $94.6 million, an increase of 41% from the third quarter of fiscal 2017. Subscription revenue was $78.1 million, an increase of 48% from the year-ago period. Subscription revenue represented 83% of total revenue, up from 78% in the third quarter of fiscal 2017. “We had another strong quarter in Q3, exceeding expectations on financial measures while increasing our competitive advantage in cloud analytics through significant new product innovation,” said Tom Reilly, chief executive officer at Cloudera. “We are now at the scale where we can execute on multiple fronts concurrently. In addition to substantial enhancements to our machine learning and analytics platform, we expanded our cloud Platform-as-a-Service offerings with an extension of Cloudera Altus Data Engineering to Microsoft Azure as well as a new data warehouse cloud service, Cloudera Altus Analytic DB. Also, our financial model is exhibiting consistent operating leverage as we march toward operating cash flow break-even.” GAAP loss from operations for the third quarter of fiscal 2018 was $56.6 million, compared to a GAAP loss from operations of $44.0 million for the third quarter of fiscal 2017. Non-GAAP loss from operations for the third quarter of fiscal 2018 was $24.4 million, compared to a non-GAAP loss from operations of $37.7 million in the year-ago period. Operating cash flow for the third quarter of fiscal 2018 was negative $2.4 million compared to operating cash flow of negative $32.5 million in the third quarter of fiscal 2017. GAAP net loss per share for the third quarter of fiscal 2018 was $0.40 per share, based on weighted-average shares outstanding of 138.5 million shares, compared to a GAAP net loss per share in the third quarter of fiscal 2017 of $1.20 per share, based on weighted-average shares outstanding of 36.6 million shares. See financial statement tables below for additional information regarding historical and forward-looking stock-based compensation expenses and shares outstanding. Non-GAAP net loss per share for the third quarter of fiscal 2018 was $0.17 per share, based on non-GAAP weighted-average shares outstanding of 138.5 million shares, compared to non-GAAP net loss per share in the third quarter of fiscal 2017 of $0.34 per share, based on non-GAAP weighted-average shares outstanding of 111.5 million shares. A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non‑GAAP Financial Measures. As of October 31, 2017, the company had total cash, cash equivalents, marketable securities and restricted cash of $484.0 million. Recent Business and Financial Highlights: Subscription revenue was up 48% year-over-year to $78.1 million Subscription revenue represented 83% of total revenue, up from 78% in the year-ago period Non-GAAP subscription gross margin for the quarter was 86%, more than 250 basis points higher than the third quarter of fiscal 2017 Dollar-based net expansion rate was 135% for the quarter 23 net new Global 8000 customers added Launched Cloudera Shared Data Experience (SDX), which delivers a consistent software framework of data management, governance and security tools across cloud, multi-cloud and on-premises deployments using the same data regardless of where it resides (https://www.cloudera.com/products/sdx.html) Introduced Cloudera Altus Analytic DB, Platform-as-a-Service, the first data warehouse cloud service that brings the warehouse to the data, allowing enterprises to quickly perform self-service business intelligence and SQL analytic workloads in the cloud Announced the release of Cloudera Altus Data Engineering, Platform-as-a-Service, for the Microsoft Azure cloud platform Cloudera Data Science Workbench was voted “Winner — Best Data Science Platform” in the Datanami Readers’ Choice Awards Appointed Rosemary Schooler,Vice President and General Manager, Global IoT Sales, Intel Corporation, to Cloudera board of directors Business Outlook The outlook for the fourth quarter of fiscal 2018, ending January 31, 2018, is: Total revenue in the range of $97 million to $99 million, representing 33% to 36% year-over-year growth Subscription revenue in the range of $80 million to $82 million, representing 43% to 46% year-over-year growth Non-GAAP net loss per share in the range of $0.24 to $0.22 per share Non-GAAP weighted-average shares outstanding of approximately 142 million shares The outlook for fiscal 2018, ending January 31, 2018, is: Total revenue in the range of $361 million to $363 million, representing 38% to 39% year-over-year growth Subscription revenue in the range of $297 million to $299 million, representing 48% to 49% year-over-year growth Operating cash flow in the range of negative $50 million to $45 million Non-GAAP net loss per share in the range of $0.84 to $0.82 per share Non-GAAP weighted-average shares outstanding of approximately 133 million shares Conference Call and Webcast Information Cloudera is hosting a conference call for analysts and investors to discuss its third quarter of fiscal 2018 results and the outlook for its fourth quarter of fiscal 2018 and full year fiscal 2018 at 2:00 p.m. Pacific Time today. Participants can listen via webcast by visiting the Investor Relations section of Cloudera’s website. A replay of the webcast will be available for two weeks following the call. The conference call can also be accessed as follows: Participant Toll Free Number: +1-833-231-7247 Participant International Number: +1-647-689-4091 Conference ID: 648882
https://www.prnewswire.com/news-releases/cloudera-reports-third-quarter-fiscal-year-2018-financial-results-300568703.html

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