Cloudera Announces Financial Results for the First Quarter of Fiscal Year 2020

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "About Cloudera "data-reactid =" 57 ">About Cloudera

At Cloudera, we believe that data can make it impossible today, possible tomorrow. We empower people to turn complex data into clear, actionable information. Cloudera provides a cloud of enterprise data for all data, from anywhere, from Edge to AI. Driven by the relentless innovation of the open source community, Cloudera is advancing digital transformation for the world's largest companies. Learn more about cloudera.com.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "About 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/cloudera& nbsp; and LinkedIn: linkedin.com/cloudera/
Visit us on Facebook: facebook.com/cloudera
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Join the Cloudera community: community.cloudera.com
Discover the success of our customers: cloudera.com/customers.html"data-reactid =" 60 "> About Cloudera: cloudera.com/about-cloudera.html
Read our VISION blog: vision.cloudera.com/ and our technical blog: blog.cloudera.com/
Follow us on twitter: twitter.com/cloudera and LinkedIn: linkedin.com/cloudera/
Visit us on Facebook: facebook.com/cloudera
We're on YouTube: youtube.com/user/clouderahadoop
Join the Cloudera community: community.cloudera.com
Discover the successes of our customers: cloudera.com/customers.html

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Cloudera& nbsp; and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners. "data-reactid =" 61 ">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.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Non-historical statements in this press release Nature are statements the Federal Securities Act, including the Safe Harbor provisions of the 1995 Private Securities Litigation Reform Act, involve known and unknown risks and uncertainties, such as "May", "will", "expect", "intend", "plan", "believe", "seek", "may", "estimate", "judgment", "may" target "," should "," anticipate "," target "and variations of These words and similar expressions are also intended to identify forward-looking statements.This news release addresses various topics, including statements about our goals and targets in the short and long term, including the timing of the exit from the platform Cloudera data, expectations regarding the acceptance by our corporate customers of the Cloudera rm business data cloud and data platform, and our "business outlook" for our second quarter of fiscal year 2020 and our operating results for the full year 2020. Readers are cautioned that actual results could differ materially from those implied by such forward-looking statements due to a number of factors, including the global economic environment. , competitive pressures and price declines, remedies for intellectual property infringement and other risks or uncertainties described under "Risk Factors" in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission ( SEC), as well as in our other SEC filings. You can get copies of documents filed by the company with the SEC on the SEC's website at the address www.sec.gov. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be met. We disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. "Data-reactid =" 63 "> Statements made in this press release that are not historical in nature are forward-looking statements that, within the meaning of federal securities laws, including the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995 involve known and unknown risks and uncertainties, such as "may", "will", "expect" , "intention", "plan", "believe", "search", "could", "estimate", "judgment", "targeting", "should", "anticipate", "objective" and variations of these words and Similar terms in this press release cover a wide range of topics, including statements regarding our short- and long-term goals and targets, including the timing of the release of the press release. to your acceptance by the companies We are customers of Cloudera's enterprise data cloud and data platform, as well as our "business outlook" for our second quarter of fiscal year 2020 and our operating results for the year. 39, full fiscal year 2020. Readers are cautioned that actual results could differ materially from those implied by such forward-looking statements due to a variety of factors including, but not limited to, global economic conditions, competitive pressures, and other factors. price reductions, remedies for intellectual property infringement and other risks or uncertainties described under "Risk Factors" in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission (SEC), and in our other documents filed by the SEC. You may obtain copies of documents filed by the Company with the SEC on the SEC's website at www.sec.gov. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be met. We are not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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We report all required financial information in accordance with US generally accepted accounting principles (GAAP). To complement our unaudited and audited 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, as opposed to replacing or going beyond the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures. defined by GAAP used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all amounts associated with the results of our operations as determined in accordance with GAAP. Non-GAAP financial measures used by us include non-GAAP gross margins, non-GAAP gross underwriting margins, non-GAAP operating expenses, undefined operating losses GAAP, non-GAAP operating margin, historical losses, non-GAAP net earnings per share and adjusted annualized recurring revenue. These non-GAAP financial measures exclude stock-based compensation, acquisition and disposal costs (if any) and amortization of intangible assets acquired in Cloudera's unaudited condensed consolidated statement. In addition, we use non-GAAP weighted average shares to calculate the non-GAAP net loss per share. This non-GAAP measure takes into account the impact of restricted anti-dilutive share units and outstanding stock options, on a weighted basis.

For a description of these items, including the reasons for which management adjusts, and reconciliations of non-GAAP historical financial measures with the most directly comparable GAAP financial measures, please refer to section titled "Use of Non-GAAP Financial Instruments". "Information", as well as the associated tables that precede it. We may determine if other significant non-recurring items in the future should also be excluded from the calculation of the non-GAAP financial measures we use.

We believe that these non-GAAP financial measures, when combined with the corresponding GAAP financial measures, provide useful additional information about our performance by excluding certain items that may not be representative of our business. of our operating results or future prospects. Management uses and believes that investors benefit from the reference to these non-GAAP financial measures in evaluating our operating results, as well as in the planning, forecasting and analysis of future periods. We use these non-GAAP financial measures in conjunction with traditional GAAP measures to communicate with our Board of Directors regarding our financial performance. These non-GAAP financial measures also make it easier to compare our performance with previous periods.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Annualized recurring income
Annualized recurring revenue is a non-GAAP performance indicator that we will use to assess the health and trajectory of our operations. The TAC is equal to the annualized value of all recurring active subscription contracts at the end of the period, including Hortonworks pre-merger contracts. ARR excludes non-recurring partner revenue, subscription revenue from certain related parties, custom engineering and premium premium support. "Data-reactid =" 68 ">Annualized recurring income
Annualized recurring revenue is a non-GAAP performance indicator that we will use to assess the health and trajectory of our operations. The TAC is equal to the annualized value of all recurring active subscription contracts at the end of the period, including Hortonworks pre-merger contracts. ARR excludes non-recurring partner revenue, subscription revenue from certain related parties, custom engineering and premium premium support.

<p class = "toile-atome toile-texte Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Use of Non-GAAP Financial Information" data-reactid="112">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.

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