Cloudera Reports Third Quarter Fiscal Year 2018 Financial Results

December 7, 2017 4:05 PM

PALO ALTO, Calif., Dec. 7, 2017 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR), the modern platform for machine learning and analytics optimized for the cloud, reported results for its third quarter of fiscal 2018, ended October 31, 2017. Total revenue was $94.6 million, an increase of 41% from the third quarter of fiscal 2017. Subscription revenue was $78.1 million, an increase of 48% from the year-ago period. Subscription revenue represented 83% of total revenue, up from 78% in the third quarter of fiscal 2017.

"We had another strong quarter in Q3, exceeding expectations on financial measures while increasing our competitive advantage in cloud analytics through significant new product innovation," said Tom Reilly, chief executive officer at Cloudera. "We are now at the scale where we can execute on multiple fronts concurrently. In addition to substantial enhancements to our machine learning and analytics platform, we expanded our cloud Platform-as-a-Service offerings with an extension of Cloudera Altus Data Engineering to Microsoft Azure as well as a new data warehouse cloud service, Cloudera Altus Analytic DB. Also, our financial model is exhibiting consistent operating leverage as we march toward operating cash flow break-even."

GAAP loss from operations for the third quarter of fiscal 2018 was $56.6 million, compared to a GAAP loss from operations of $44.0 million for the third quarter of fiscal 2017. Non-GAAP loss from operations for the third quarter of fiscal 2018 was $24.4 million, compared to a non-GAAP loss from operations of $37.7 million in the year-ago period.

Operating cash flow for the third quarter of fiscal 2018 was negative $2.4 million compared to operating cash flow of negative $32.5 million in the third quarter of fiscal 2017.

GAAP net loss per share for the third quarter of fiscal 2018 was $0.40 per share, based on weighted-average shares outstanding of 138.5 million shares, compared to a GAAP net loss per share in the third quarter of fiscal 2017 of $1.20 per share, based on weighted-average shares outstanding of 36.6 million shares. See financial statement tables below for additional information regarding historical and forward-looking stock-based compensation expenses and shares outstanding.

Non-GAAP net loss per share for the third quarter of fiscal 2018 was $0.17 per share, based on non-GAAP weighted-average shares outstanding of 138.5 million shares, compared to non-GAAP net loss per share in the third quarter of fiscal 2017 of $0.34 per share, based on non-GAAP weighted-average shares outstanding of 111.5 million shares.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non‑GAAP Financial Measures.

As of October 31, 2017, the company had total cash, cash equivalents, marketable securities and restricted cash of $484.0 million.

Recent Business and Financial Highlights:

  • Subscription revenue was up 48% year-over-year to $78.1 million
  • Subscription revenue represented 83% of total revenue, up from 78% in the year-ago period
  • Non-GAAP subscription gross margin for the quarter was 86%, more than 250 basis points higher than the third quarter of fiscal 2017
  • Dollar-based net expansion rate was 135% for the quarter
  • 23 net new Global 8000 customers added
  • Launched Cloudera Shared Data Experience (SDX), which delivers a consistent software framework of data management, governance and security tools across cloud, multi-cloud and on-premises deployments using the same data regardless of where it resides (https://www.cloudera.com/products/sdx.html)
  • Introduced Cloudera Altus Analytic DB, Platform-as-a-Service, the first data warehouse cloud service that brings the warehouse to the data, allowing enterprises to quickly perform self-service business intelligence and SQL analytic workloads in the cloud
  • Announced the release of Cloudera Altus Data Engineering, Platform-as-a-Service, for the Microsoft Azure cloud platform
  • Cloudera Data Science Workbench was voted "Winner -- Best Data Science Platform" in the Datanami Readers' Choice Awards
  • Appointed Rosemary Schooler,Vice President and General Manager, Global IoT Sales, Intel Corporation, to Cloudera board of directors

Business Outlook

The outlook for the fourth quarter of fiscal 2018, ending January 31, 2018, is:

  • Total revenue in the range of $97 million to $99 million, representing 33% to 36% year-over-year growth
  • Subscription revenue in the range of $80 million to $82 million, representing 43% to 46% year-over-year growth
  • Non-GAAP net loss per share in the range of $0.24 to $0.22 per share
  • Non-GAAP weighted-average shares outstanding of approximately 142 million shares

The outlook for fiscal 2018, ending January 31, 2018, is:

  • Total revenue in the range of $361 million to $363 million, representing 38% to 39% year-over-year growth
  • Subscription revenue in the range of $297 million to $299 million, representing 48% to 49% year-over-year growth
  • Operating cash flow in the range of negative $50 million to $45 million
  • Non-GAAP net loss per share in the range of $0.84 to $0.82 per share
  • Non-GAAP weighted-average shares outstanding of approximately 133 million shares

Conference Call and Webcast Information

Cloudera is hosting a conference call for analysts and investors to discuss its third quarter of fiscal 2018 results and the outlook for its fourth quarter of fiscal 2018 and full year fiscal 2018 at 2:00 p.m. Pacific Time today. Participants can listen via webcast by visiting the Investor Relations section of Cloudera's website. A replay of the webcast will be available for two weeks following the call.

The conference call can also be accessed as follows:

  • Participant Toll Free Number: +1-833-231-7247
  • Participant International Number: +1-647-689-4091
  • Conference ID: 6488823

About ClouderaAt Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. We deliver the modern platform for machine learning and analytics optimized for the cloud. The world's largest enterprises trust Cloudera to help solve their most challenging business problems. Learn more at www.cloudera.com.

Connect with ClouderaAbout Cloudera: cloudera.com/about-cloudera.html Read our VISION blog: vision.cloudera.com/ and Engineering blog: blog.cloudera.com/Follow us on Twitter: twitter.com/clouderaVisit us on Facebook: facebook.com/clouderaSee us on YouTube: youtube.com/user/clouderahadoopJoin the Cloudera Community: community.cloudera.comRead about our customers' successes: cloudera.com/customers.html

Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

Global 8000 Customer List

We periodically update the Global 8000 list based on the FORBES Global 2000 list and information from Data.com, using the most recently published FORBES Global 2000 list (which is updated by Forbes annually) and the most recent Data.com information (which is continuously updated by Data.com). Our customer count is subject to ongoing adjustment and, when adjustments occur, previously disclosed numbers of customers are updated to allow for comparability.

Forward-Looking Statements

Statements in this press release that are not historical in nature are forward-looking statements that, within the meaning of the federal securities laws including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, involve known and unknown risks and uncertainties. Words such as "may", "will", "expect", "intend", "plan", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "goal" and variations of these words and similar expressions, are also intended to identify forward-looking statements. The forward-looking statements in this press release address a variety of subjects, including our belief that the enterprise machine learning and analytics market will quickly emerge and that we will continue to lead its direction through technology and product innovation, our expectation that we will continue our momentum in machine learning, analytics and the cloud, and our"Business Outlook" for our fourth quarter of fiscal 2018 and full year fiscal 2018 operating results. Readers are cautioned that actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including global economic conditions, competitive pressures and pricing declines, intellectual property infringement claims, and other risks or uncertainties that are described under the caption "Risk Factors" in our Prospectus filed pursuant to Rule 424(b)filed with the Securities and Exchange Commission, or the SEC, on September 28, 2017, our most recently filed Quarterly Report on Form 10-Q, and in our other SEC filings. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurances that our expectations will be attained. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

We report all financial information required in accordance with U.S. generally accepted accounting principles (GAAP). To supplement our unaudited condensed consolidated financial statements presented in accordance with GAAP, we use certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the results of our operations as determined in accordance with GAAP. The non-GAAP financial measures used by us include non-GAAP subscription gross margins, non-GAAP loss from operations, non-GAAP net loss, and historical and forward-looking non-GAAP net loss per share. These non-GAAP financial measures exclude stock-based compensation, acquisition- and disposition-related expenses (if any), amortization of acquired intangible assets, and donations of common stock made to the Cloudera Foundation from the Cloudera unaudited condensed consolidated statement of operations. In addition, we use non-GAAP weighted-average shares outstanding to calculate non-GAAP net loss per share. This non-GAAP measure includes the assumed conversion of all outstanding shares of preferred stock to common stock and the impact of anti-dilutive restricted stock units and stock options outstanding, on a weighted basis.

For a description of these items, including the reasons why management adjusts for them, and reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled "Use of Non-GAAP Financial Information" as well as the related tables that precede it. We may consider whether other significant non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures we use.

We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results or future outlook. Management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results, as well as when planning, forecasting and analyzing future periods. We use these non‑GAAP financial measures in conjunction with traditional GAAP measures to communicate with our board of directors concerning our financial performance. These non-GAAP financial measures also facilitate comparisons of our performance to prior periods.

Cloudera, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

Three Months EndedOctober 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Revenue:

Subscription

$

78,105

$

52,733

$

216,762

$

144,093

Services

16,464

14,525

47,231

44,106

Total revenue

94,569

67,258

263,993

188,199

Cost of revenue:(1) (2)

Subscription

14,486

9,787

56,173

28,844

Services

18,640

12,652

69,035

35,969

Total cost of revenue

33,126

22,439

125,208

64,813

Gross profit

61,443

44,819

138,785

123,386

Operating expenses:(1) (2)

Research and development

38,095

25,968

176,770

77,118

Sales and marketing

64,061

54,206

236,639

147,250

General and administrative

15,877

8,633

69,991

25,309

Total operating expenses

118,033

88,807

483,400

249,677

Loss from operations

(56,590)

(43,988)

(344,615)

(126,291)

Interest income, net

1,501

695

3,590

2,143

Other income (expense), net

(490)

(296)

349

(311)

Net loss before benefit from (provision for) income taxes

(55,579)

(43,589)

(340,676)

(124,459)

Benefit from (provision for) income taxes

241

(456)

(1,210)

(1,426)

Net loss

$

(55,338)

$

(44,045)

$

(341,886)

$

(125,885)

Net loss per share, basic and diluted

$

(0.40)

$

(1.20)

$

(3.27)

$

(3.47)

Weighted-average shares used in computing net loss per share, basic and diluted

138,506

36,598

104,551

36,261

(1) Amounts include stock‑based compensation expense as follows (in thousands):

Three Months EndedOctober 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Cost of revenue – subscription

$

2,750

$

343

$

22,143

$

1,051

Cost of revenue – services

4,187

432

28,414

1,363

Research and development

9,110

1,313

90,139

4,326

Sales and marketing

10,070

1,463

82,748

4,496

General and administrative

5,030

1,766

38,236

5,322

Total stock‑based compensation expense

$

31,147

$

5,317

$

261,680

$

16,558

(2) Amounts include amortization of acquired intangible assets as follows (in thousands):

Three Months EndedOctober 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Cost of revenue – subscription

$

584

$

514

$

1,608

$

1,483

Sales and marketing

454

431

1,315

1,292

Total amortization of acquired intangible assets

$

1,038

$

945

$

2,923

$

2,775

Cloudera, Inc.

Condensed Consolidated Statements of Operations

(as a percentage of total revenues)

(unaudited)

Three Months Ended October 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Revenue:

Subscription

83

%

78

%

82

%

77

%

Services

17

22

18

23

Total revenue

100

100

100

100

Cost of revenue:(1) (2)

Subscription

15

15

21

15

Services

20

18

26

19

Total cost of revenue

35

33

47

34

Gross margin

65

67

53

66

Operating expenses:(1) (2)

Research and development

40

39

67

41

Sales and marketing

68

80

90

78

General and administrative

17

13

26

14

Total operating expenses

125

132

183

133

Loss from operations

(60)

(65)

(130)

(67)

Interest income, net

2

1

1

1

Other income (expense), net

(1)

Net loss before benefit from (provision for) income taxes

(59)

(64)

(129)

(66)

Benefit from (provision for) income taxes

(1)

(1)

(1)

Net loss

(59)

%

(65)

%

(130)

%

(67)

%

(1) Amounts include stock‑based compensation expense as a percentage of total revenue as follows:

Three Months EndedOctober 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Cost of revenue – subscription

3

%

1

%

8

%

1

%

Cost of revenue – services

4

1

11

1

Research and development

10

2

34

2

Sales and marketing

11

2

31

2

General and administrative

5

2

15

3

Total stock-based compensation expense

33

%

8

%

99

%

9

%

(2) Amounts include amortization of acquired intangible assets as a percentage of total revenue as follows:

Three Months Ended October 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

Cost of revenue – subscription

1

%

1

%

1

%

1

%

Sales and marketing

Total amortization of acquired intangible assets

1

%

1

%

1

%

1

%

Cloudera, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

October 31,

2017

January 31,

2017

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

62,797

$

74,186

Short-term marketable securities

326,717

160,770

Accounts receivable, net

66,170

101,549

Prepaid expenses and other current assets

23,786

13,197

Total current assets

479,470

349,702

Property and equipment, net

15,578

13,104

Marketable securities, noncurrent

76,464

20,710

Intangible assets, net

6,655

7,051

Goodwill

33,621

31,516

Restricted cash

18,050

15,446

Other assets

4,673

5,015

TOTAL ASSETS

$

634,511

$

442,544

LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:

Accounts payable

$

1,761

$

3,550

Accrued compensation

40,029

33,376

Other accrued liabilities

16,931

9,918

Deferred revenue, current portion

197,013

192,242

Total current liabilities

255,734

239,086

Deferred revenue, less current portion

35,074

25,182

Other liabilities

13,615

4,345

TOTAL LIABILITIES

304,423

268,613

Redeemable convertible preferred stock

657,687

STOCKHOLDERS' EQUITY (DEFICIT):

Common stock

7

2

Additional paid-in capital

1,348,578

192,795

Accumulated other comprehensive loss

(614)

(556)

Accumulated deficit

(1,017,883)

(675,997)

TOTAL STOCKHOLDERS' EQUITY (DEFICIT)

330,088

(483,756)

TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)

$

634,511

$

442,544

Cloudera, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Three Months EndedOctober 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

$

(55,338)

$

(44,045)

$

(341,886)

$

(125,885)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

2,701

2,518

9,695

7,471

Stock-based compensation

31,147

5,317

261,680

16,558

Release of deferred tax valuation allowance

(806)

(806)

Accretion and amortization of marketable securities

243

454

657

2,420

Loss on disposal of fixed assets

(111)

(111)

Changes in assets and liabilities:

Accounts receivable

18,792

(2,155)

35,536

1,856

Prepaid expenses and other assets

(6,098)

1,162

(5,459)

378

Accounts payable

(4,000)

(962)

(2,326)

910

Accrued compensation

3,752

7,456

(1,231)

4,328

Accrued expenses and other liabilities

6,472

2,492

9,442

3,498

Deferred revenue

830

(4,757)

14,527

3,847

Net cash used in operating activities

(2,416)

(32,520)

(20,282)

(84,619)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of marketable securities

(127,003)

(13,367)

(514,157)

(103,776)

Sales of marketable securities

14,238

16,766

57,436

51,138

Maturities of marketable securities

116,128

25,287

233,732

155,232

Cash used in business combinations, net of cash acquired

(1,937)

(1,937)

(2,700)

Capital expenditures

(7,034)

(799)

(9,005)

(6,934)

Proceeds from sale of fixed assets

145

145

Net cash provided by (used in) investing activities

(5,463)

27,887

(233,786)

92,960

CASH FLOWS FROM FINANCING ACTIVITIES

Net proceeds from issuance of common stock in initial public offering

(264)

237,422

Net proceeds from follow-on offering

46,803

46,803

Taxes paid related to net share settlement of restricted stock units

(50,503)

(50,503)

Proceeds from employee stock plans

5,289

920

11,221

2,553

Net cash provided by financing activities

1,325

920

244,943

2,553

Effect of exchange rate changes

417

(28)

340

6

Net increase (decrease) in cash, cash equivalents and restricted cash

(6,137)

(3,741)

(8,785)

10,900

Cash, cash equivalents and restricted cash — Beginning of period

86,984

50,635

89,632

35,994

Cash, cash equivalents and restricted cash — End of period

$

80,847

$

46,894

$

80,847

$

46,894

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid for income taxes

$

488

$

377

$

1,840

$

1,031

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES

Purchases of property and equipment in other accrued liabilities

$

261

$

36

$

261

$

36

Fair value of common stock issued as consideration for business combination

$

2,081

$

$

2,081

$

Offering costs in accounts payable and other accrued liabilities

$

858

$

$

858

$

Conversion of redeemable convertible preferred stock to common stock

$

$

$

657,687

$

Cloudera, Inc.

Three Months Ended October 31, 2017

GAAP Results Reconciled to non-GAAP Results

(in thousands, except per share amounts)

(unaudited)

GAAP

Stock-basedcompensationexpense

Amortization of acquired intangible assets

Non-GAAPweighted-average shares outstanding

Non-GAAP

Cost of revenue- Subscription

$

14,486

$

(2,750)

$

(584)

$

$

11,152

Subscription gross margin

81

%

4

%

1

%

%

86

%

Cost of revenue- Services

18,640

(4,187)

14,453

Services gross margin

(13)

%

25

%

%

%

12

%

Gross profit

61,443

6,937

584

68,964

Total gross margin

65

%

7

%

1

%

%

73

%

Research and development

38,095

(9,110)

28,985

Sales and marketing

64,061

(10,070)

(454)

53,537

General and administrative

15,877

(5,030)

10,847

Loss from operations

(56,590)

31,147

1,038

(24,405)

Operating margin

(60)

%

33

%

1

%

%

(26)

%

Net loss

(55,338)

31,147

1,038

(23,153)

Net loss per share, basic and diluted

$

(0.40)

$

0.22

$

0.01

$

$

(0.17)

Cloudera, Inc.

Three Months Ended October 31, 2016

GAAP Results Reconciled to non-GAAP Results

(in thousands, except per share amounts)

(unaudited)

GAAP

Stock-based compensation expense

Amortization ofacquired intangible assets

Non-GAAP weighted-average shares outstanding

Non-GAAP

Cost of revenue- Subscription

$

9,787

$

(343)

$

(514)

$

$

8,930

Subscription gross margin

81

%

1

%

1

%

%

83

%

Cost of revenue- Services

12,652

(432)

12,220

Services gross margin

13

%

3

%

%

%

16

%

Gross profit

44,819

775

514

46,108

Total gross margin

67

%

1

%

1

%

%

69

%

Research and development

25,968

(1,313)

24,655

Sales and marketing

54,206

(1,463)

(431)

52,312

General and administrative

8,633

(1,766)

6,867

Loss from operations

(43,988)

5,317

945

(37,726)

Operating margin

(65)

%

8

%

1

%

(56)

%

Net loss

(44,045)

5,317

945

(37,783)

Net loss per share, basic and diluted (1)

$

(1.20)

$

0.15

$

0.03

$

0.68

$

(0.34)

(1) See below for a reconciliation of weighted-average shares outstanding used to calculate non-GAAP net loss per share

Cloudera, Inc.

GAAP weighted-average shares reconciled to non-GAAP weighted-average shares

(in thousands)

(unaudited)

Three Months Ended October 31,

Nine Months EndedOctober 31,

2017

2016

2017

2016

GAAP weighted-average shares, basic and diluted

138,506

36,598

104,551

36,261

Assumed preferred stock conversion

74,907

24,969

74,907

Assumed IPO issuance

316

Non-GAAP weighted-average shares, diluted

138,506

111,505

129,836

111,168

Use of Non-GAAP Financial Information

In addition to the reasons stated under "Non-GAAP Financial Measures" above, which are generally applicable to each of the items Cloudera excludes from its non-GAAP financial measures, Cloudera believes it is appropriate to exclude or give effect to certain items for the following reasons:

  • Stock-based compensation expense. We exclude stock-based compensation expense from our non-GAAP financial measures consistent with how we evaluate our operating results and prepare our operating plans, forecasts and budgets. Further, when considering the impact of equity award grants, we focus on overall stockholder dilution rather than the accounting charges associated with such equity grants. The exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long term performance of our business.
  • Amortization of acquired intangible assets. We exclude the amortization of acquired intangible assets from our non-GAAP financial measures. Although the purchase accounting for an acquisition necessarily reflects the accounting value assigned to intangible assets, our management team excludes the GAAP impact of acquired intangible assets when evaluating our operating results. Likewise, our management team excludes amortization of acquired intangible assets from our operating plans, forecasts and budgets. The exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long term performance of our business.
  • Assumed preferred stock conversion. For periods prior to the closing of our initial public offering (IPO) on May 3, 2017, we give effect to the automatic conversion of all outstanding shares of preferred stock to common stock, as if such conversion had occurred at the beginning of the period, in our calculations of non-GAAP weight-average shares, diluted, and non-GAAP net loss per share, diluted. The inclusion of these shares facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long term performance of our business.
  • Assumed IPO issuance. We include the common shares issued in our IPO, on a weighted basis, as if the shares were issued on the date of our effectiveness. Our IPO was effective in the first quarter of fiscal 2018 and closed in the second quarter of fiscal 2018.

Cloudera, Inc.

Reconciliation of non-GAAP Financial Guidance

(unaudited)

Fiscal 2018

(in millions)

Q4

FY

GAAP net loss

($66) - (63)

($408) - (405)

Stock-based compensation expense (1)

31

292

Amortization of acquired intangible assets

1

4

Non-GAAP net loss

($34) - (31)

($112) - (109)

GAAP weighted-average shares, basic and diluted

142 - 143

112 - 114

Assumed preferred stock conversion

19

Assumed IPO issuance

1

Non-GAAP weighted-average shares, diluted

142 - 143

132 - 134

(1) Stock-based compensation expense is impacted by variables such as stock price and employee behavior, each of which are inherently difficult to forecast. As a result, the guidance presented above is subject to a number of uncertainties and assumptions that may cause actual results to differ materially.

Investor Relations Contact: Kevin Cook investor-relations@cloudera.com +1 (650) 644-3900

Press Contact: Deborah Wiltshire press@cloudera.com +1 (650) 644-3900

Cloudera, Inc. (PRNewsfoto/Cloudera, Inc.)

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SOURCE Cloudera, Inc.

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