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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, Inc. (NYSE: CLDR) will announce its fourth quarter and fiscal year 2021 financial results on March 10, 2021, after market close. The conference call to discuss the results is scheduled for 2:00 PM Pacific Time (5:00 PM Eastern Time). Participants can access the call via a toll-free number or an international number provided in the press release. A webcast will also be available on Cloudera's investor relations website, along with a replay accessible for at least two weeks after the call.
Privitar announced its certification on the Cloudera Data Platform (CDP), enhancing its partnership with Cloudera. This integration allows organizations to safely analyze sensitive data for insights while ensuring privacy. The Privitar Data Privacy Platform offers a combination of governance and privacy techniques essential for data-driven decisions. Cloudera’s CDP simplifies operations and enhances cost efficiency through machine learning, supporting various cloud environments. This collaboration aims to optimize the utility of sensitive data while leveraging Cloudera’s powerful analytics capabilities.
Cloudera (NYSE: CLDR) successfully completed SOC 2 Type II certification for its Cloudera Data Platform Public Cloud, affirming its adherence to security standards established by the AICPA. This certification is crucial for Cloudera’s clients in heavily regulated industries, including eight of the top 10 banks and pharmaceutical companies. The certification highlights Cloudera's commitment to data security and compliance, as enterprises face increasing data privacy regulations. This achievement enhances Cloudera's position in the enterprise data cloud market.
Cloudera, Inc. (NYSE: CLDR) announced the appointment of Gary Hu to its Board of Directors, replacing Nicholas Graziano, effective January 7, 2021. This change comes as part of a recommendation from Icahn Enterprises, adhering to a Voting and Standstill Agreement established in August 2019. Gary Hu, a Portfolio Manager at Icahn Capital L.P., brings a strong background in investment management, having previously worked at Silver Point Capital and Stockbridge Investors. CEO Rob Bearden expressed enthusiasm for this leadership transition as Cloudera aims to strengthen its position in the enterprise data cloud market.
Cloudera, Inc. (NYSE: CLDR) has announced its participation in the 23rd Annual Needham Growth Conference, scheduled for January 12, 2021, at 10:15 AM Pacific Time. This will be a virtual event, and interested parties can access the live audio webcast through the investors.cloudera.com site. Cloudera focuses on transforming complex data into actionable insights, providing an enterprise data cloud for operations from the Edge to AI, aiding digital transformation across major enterprises.
Cloudera (NYSE: CLDR) announced the successful completion of a $500 million senior secured term loan and the repurchase of 26 million shares of common stock from Intel for $314 million. The term loan has a seven-year tenor with interest at LIBOR plus 250 bps, aimed at general corporate purposes and share repurchases. This transaction allows Cloudera to enhance capital structure while maintaining balance sheet flexibility. After the repurchase, Intel no longer holds shares in Cloudera, but commercial relations remain unchanged.
Cloudera reported Q3 fiscal 2021 results with total revenue of $217.9 million, up 10% year-over-year. Subscription revenue reached $197.4 million, an 18% increase. Annualized Recurring Revenue grew 12% to $756 million. The company experienced a GAAP loss from operations of $12.3 million, but non-GAAP income was $49.3 million. For Q4 2021, Cloudera expects revenue between $219 million and $222 million. The board approved a $500 million share repurchase plan, aimed at returning capital to shareholders while maintaining growth.
Cloudera (NYSE: CLDR) announced participation in the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 10:30 AM PT (1:30 PM ET). The event will be held virtually, with a live audio webcast available on investors.cloudera.com. The company focuses on transforming complex data into actionable insights through its enterprise data cloud solutions, supporting digital transformation across various sectors. For more details, visit cloudera.com.
Cloudera (NYSE: CLDR) announced its 2020 Data Impact Awards, recognizing organizations that leverage data for significant innovations across industries. Winners were selected in various categories, showcasing advancements in areas like enterprise AI, data security, and real-time analytics. Notable recipients include Globe Telecom for enhancing customer experiences and Rush University Medical Center for improving clinical data access during COVID-19. The awards highlight the transformative potential of data-driven strategies in a rapidly evolving technological landscape.
Cloudera, Inc. (NYSE: CLDR) will report its third quarter fiscal year 2021 financial results on December 3, 2020, after market close. The period ended on October 31, 2020. A conference call is scheduled for 1:30 PM PT (4:30 PM ET) to discuss the results. Investors can access the call via a toll-free number or international number, with a conference ID of 2257327. A replay of the webcast will be available for at least two weeks after the call. Cloudera aims to empower enterprises with its data cloud solutions.
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