Cloudera (CLDR: $16.60) beat earnings expectations after the close today. The company still can’t figure out how to make money but revenues were strong. Revenue rose to $95 million from $67 million in the year-ago period, a jump of 42%. The company reported a net loss of $55 million, or 40 cents a share, compared with a loss of $44 million in the year-ago period. Adjusted loss was 17 cents a share.
- Q317 revenue was up 41% year-over-year
- Subscription revenue was up 48% year-over-year. Subscription revenue represented 83% of total revenue, up from 78% last quarter.
Operating cash flow for the third quarter of fiscal 2018 was -$2.4 million compared to operating cash flow of -$32 million in the third quarter of fiscal 2017, a good sign.
As of October 31st, the company had total cash of $485 million and no debt. We like.
BMR Take:  Cloudera produced a strong quarter revenue-wise, with not-so-hot losses. Wall Street wants to see profits but it appears that Cloudera will be losing money for the foreseeable future. Not good. We love this company; we like what they do,* but they continue to think that we will wait forever for profits and a doubling of the stock. This isn’t going to happen until they report profits which appears to be possible by the 2019 arena – a LONG time to wait. This wait of course, is up to you. We want this quarter to sink in with us a bit so stay tuned for an update in a week or two.
* They operate a data management, machine learning, and analytics software platform in the United States, Europe, and Asia. The company’s platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.