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Cloudera believes that data can make what is impossible today, possible tomorrow. The company empowers people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open-source community, Cloudera advances digital transformation for the world's largest enterprises.
Recently, Cloudera published new research highlighting the struggles of IT leaders across the EMEA region to extract more value from their data. The study revealed that 92% of IT decision-makers (ITDMs) plan to migrate more data to the cloud over the next three years. However, 76% also plan to repatriate data back on-premises within the next 36 months due to concerns like data compliance, cloud lock-in fears, and cybersecurity.
Cloudera's research, which surveyed 850 ITDMs, shows that 68% of organizations store data in a hybrid environment, while 72% utilize a multi-cloud model. Despite these complexities, the majority believe modern data architectures can drive more value from their data and optimize cloud costs. However, nearly a third of data in organizations remains underutilized.
At Cloudera, we empower customers to use modern data architectures to drive benefits and maintain governance and security. Our hybrid data platform allows organizations to bring data from various sources into the hands of those who need it most, facilitating a data-driven future. Learn more at Cloudera.com.
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New research by Cloudera indicates a significant shift in business priorities, with 26% of decision-makers prioritizing ESG investments over product development and financial growth. Nearly half (49%) of knowledge workers believe data should focus on community benefits, a view shared by 52% of business leaders. The study also reveals that 81% of knowledge workers advocate for using AI for sustainable practices. However, only 31% of leaders actively implement these technologies. Moreover, 91% of decision-makers commit to employee reskilling amid increased automation, reflecting an emerging focus on sustainability alongside profitability.
Cloudera released a report indicating that organizations with mature enterprise data strategies experience higher profit growth averaging 5.97%. The study, conducted by Vanson Bourne, surveyed over 3,150 senior business decision-makers globally. Key findings include that 96% of respondents noted improved performance through effective data handling and that 64% reported increased resiliency. The research highlighted challenges with data lifecycle management, with only 12% fully engaging across all stages. Most organizations are shifting towards hybrid and multi-cloud architectures as they recognize the importance of data for strategic decision-making.
Cloudera (NYSE: CLDR) has launched a children's book titled "A Fresh Squeeze on Data" aimed at teaching 8- to 12-year-olds about data and AI concepts. Developed in collaboration with ReadyAI, the book simplifies complex topics like machine learning and data bias for young readers. The initiative supports educational programs, including summer camps at the Ulbrich Boys & Girls Club in Connecticut, where curriculum enhancements were piloted. The book is available on Amazon and aims to empower children to engage with technology and data-driven decision-making.
Cloudera, Inc. (NYSE: CLDR) announced it will report its second quarter fiscal year 2022 financial results on August 30, 2021, prior to market open. The reporting period ended on July 31, 2021. Notably, the company will not host a conference call or live webcast due to its pending acquisition by Clayton, Dubilier & Rice and KKR, which was announced on June 1, 2021. Financial results will be available on the company’s investor relations website.
On August 16, 2021, Cloudera (NYSE: CLDR) launched Cloudera DataFlow for the Public Cloud, a cloud-native service designed to enhance operational efficiency for hybrid streaming workloads on the Cloudera Data Platform (CDP). This service automates complex data flow operations and reduces cloud costs by optimizing resource allocation. The exponential growth in data-in-motion volumes, projected to reach 79 ZB, emphasizes the need for efficient data management solutions. Cloudera's offering is now available on AWS, addressing critical operational challenges in hybrid cloud environments.
On Aug. 11, 2021, Cloudera (NYSE: CLDR) announced its collaboration with LG Uplus to enhance 5G service quality through its data platform. LG Uplus is leveraging Cloudera's technology to establish the Network Real-time Analytic Platform (NRAP), which processes vast amounts of data in real-time. This initiative aims to improve customer satisfaction, reduce fieldwork, and optimize network operations for 20 million users in South Korea. The partnership highlights Cloudera's role in facilitating digital transformation in telecommunications.
Cloudera, Inc. (NYSE: CLDR) reported a 7% revenue increase to $224.3 million for Q1 of fiscal 2022, driven by a 12% growth in Annualized Recurring Revenue, now at $805 million. Subscription revenue also rose by 7% to $200.7 million. The company announced a $5.3 billion acquisition by Clayton, Dubilier & Rice and KKR, expected to close in H2 2021, transitioning Cloudera to a private entity. GAAP net loss per share improved to $0.14 from $0.20 year-over-year, while non-GAAP net income per share reached $0.12. Cloudera has canceled its earnings call and will not provide further financial guidance.
Cloudera (NYSE: CLDR) has announced the acquisition of Datacoral and Cazena to enhance its public cloud offerings and expand its market presence. These acquisitions are part of Cloudera's strategy to lead in hybrid cloud solutions. The transactions aim to simplify data management, reducing complexity and accelerating time-to-insight for clients. Datacoral provides a no-code data integration platform, while Cazena specializes in instant cloud data lakes, allowing for faster analytics. The deals are expected to close in the second quarter of fiscal 2022, ending July 31, 2021.
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