Cloudera has announced the company’s first quarter 2021 financial results. According to the details, the company has generated the total revenue of $210.5 million with an increase of 12 percent as compared to the previous quarter. The company has reported the GAAP loss from operation in the Q1 2021 result up to $55.8 million as compared to the previous quarter.
The company has reported the non-GAAP income from operations up to $17.3 million as compared to the previous quarter of $34.7 million. The operating cash flow of the company for the Q1 2021 reached $68.4 million as compared to the previous financial quarter.
The company has total marketable securities, cash and cash equivalent of $518.7 million. The company has recorded the annualized recurring revenue in the Q1 2021 up to $723.4 million with 11% YoY growth. The diluted weighted-average share of the company reached 312 million shares approximately.
The GAAP subscription gross margin of the company of the company reached up to 88% from 85% from the previous quarter. The company has expanded its partnership with Google Cloud Platform to integrate its CDP Public Cloud on GCP marketplace.
Chief Executive Officer of Cloudera, Rob Bearden said, “We executed extremely well in Q1, particularly as the pandemic was in full effect for more than half of our fiscal quarter. We believe that remote working environments have placed heightened importance on data, data analysis and data security, which has increased the value of data architecture design and the criticality of hybrid cloud solutions.”
“In addition, CDP Public Cloud is accomplishing exactly what we had hoped in that it has enabled a hybrid multi-cloud architecture for our customers and enhanced our value proposition with customers who plan to take advantage of public cloud infrastructure for certain types of workloads,” Rob Bearden further added.