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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.
Cloudera and associated marks are trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
Cloudera (NYSE: CLDR) has announced a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash deal valued at approximately $5.3 billion. The transaction will take Cloudera private and is expected to close in the second half of 2021. Shareholders will receive $16.00 per share, reflecting a 24% premium over the stock's closing price on May 28, 2021. The Board unanimously approved the deal and recommends approval from shareholders, including support from entities holding 18% of shares.
Cloudera, a leader in enterprise data cloud solutions, announced its participation in Bernstein's 37th Annual Strategic Decisions Conference on June 3, 2021, at 11:30 AM PT. The event will be conducted virtually, allowing investors and stakeholders to join via a live audio webcast, accessible through investors.cloudera.com.
Cloudera aims to empower organizations by transforming complex data into actionable insights, supported by innovation from the open source community.
Cloudera, Inc. (NYSE: CLDR) has announced that it will report its first quarter fiscal year 2022 financial results on June 2, 2021, after the market closes. The results will reflect performance for the period ending April 30, 2021. Following the announcement, a conference call will take place at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results in detail. Interested parties can register for the call and access the live audio webcast on their investor relations website.
On May 6, 2021, Cloudera (NYSE: CLDR) announced the successful QATS certification for Dell EMC PowerScale/Isilon 8.2.2. This certification enhances support for customers migrating to Cloudera Data Platform, enabling better data management and analytics capabilities. The collaboration aims to address the growing demand for data storage solutions, as companies seek to leverage innovative analytics for digital transformation. Cloudera's QATS ensures high performance and compatibility across its product suite.
On April 12, 2021, Cloudera (NYSE: CLDR) announced its integration of the RAPIDS Accelerator for Apache Spark 3.0 with the Cloudera Data Platform (CDP). This collaboration with NVIDIA allows enterprises to enhance data processing and machine learning workflows significantly. Organizations like the IRS have reported over three times speed improvements in workflows. The integration aims to empower businesses to tackle large data sets efficiently, driving better analytics and AI adoption across on-premises, public cloud, or hybrid environments.
Cloudera (NYSE: CLDR) announced the launch of the Cloudera Data Platform (CDP) on Google Cloud, aimed at enhancing data analytics for enterprises. CDP provides robust security and governance, facilitating seamless data migration and management. This initiative caters to the increasing demand for hybrid and multi-cloud solutions, allowing organizations to leverage data efficiently. With the platform's general availability on March 31, 2021, Cloudera aims to support digital transformations by enabling rapid deployment of analytics and machine learning services.
On March 23, 2021, Cloudera (NYSE: CLDR) announced the winners of its 2021 Partner Awards, recognizing partners who excel in leveraging enterprise data cloud capabilities. The awards highlight the crucial role partners play in helping customers derive value from their data. Key winners include Dell Technologies as Global Partner of the Year and Deloitte as EMEA Partner of the Year. Determining factors for the awards included revenue growth, investment in Cloudera, and successful marketing strategies.
Cloudera reported fourth quarter revenue of $226.6 million, a 7% increase year-over-year. Subscription revenue rose 14% to $206.8 million. Annualized Recurring Revenue (ARR) grew 10% to $778 million. Despite a GAAP net loss of $0.18 per share, non-GAAP net income was $0.15 per share. For fiscal 2022, Cloudera forecasts total revenue between $907 million and $927 million. CEO Rob Bearden noted significant momentum in customer migration to the Cloudera Data Platform (CDP).
Cloudera (NYSE: CLDR) announced the launch of its Cloudera Data Platform (CDP) Operational Database, now available on Amazon Web Services and Microsoft Azure. This cloud-native database offers enhanced scale, performance, and reliability, supporting multi-cloud strategies as organizations increasingly utilize various cloud providers. CDP Operational Database allows rapid application development, enabling developers to deliver prototypes in under an hour and scale to petabytes of data seamlessly. It features self-management capabilities, fostering flexibility for businesses.
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