Published on 31 Aug 2021 on Zacks via Yahoo Finance
Cloudera's (CLDR) Q2 Earnings Beat, Revenues Increase Y/Y
Cloudera CLDR reported second-quarter fiscal 2022 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate by 87.5%. The bottom line also increased 50% year over year.Revenues of $236.1 million beat the consensus mark by 3.84% and also increased 10.1% year over year. The uptick can be attributed to rapid adoption of its cloud-based products and services.Annualized recurring revenues (ARR) at the end of the fiscal second quarter were $832 million, up 13% year over year.
Cloudera, Inc. Price, Consensus and EPS Surprise
