Cloudera (CLDR) To Report Q1 Earnings: What's In Store?

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Cloudera (CLDR - Free Report) is set to release first-quarter fiscal 2022 results on Jun 2.

For the quarter, the company expects total revenues between $216 million and $218 million. On a non-GAAP basis, earnings are expected between 7 cents and 9 cents per share.

The Zacks Consensus Estimate for revenues is pegged at $217.3 million, suggesting growth of 3.3% from the figure reported in the year-ago quarter.

The consensus mark for earnings has been steady at 8 cents per share over the past 30 days, indicating growth of 60% from the year-ago reported figure.

Notably, the company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average being 136.47%.

Let’s see how things have so far shaped up for this announcement.

Cloudera, Inc. Price and EPS Surprise

Cloudera, Inc. Price and EPS Surprise

Cloudera, Inc. price-eps-surprise | Cloudera, Inc. Quote

Factors to Watch

Cloudera’s services business is more likely to have been affected by the lack of direct interaction with customers, either in a sales setting or at an onsite professional service setting caused by COVID-induced business uncertainties.

Meanwhile, Cloudera’s subscription business, which benefits from a recurring-revenue model, is expected to have remained a major driver in the to-be-reported quarter. Notably, the company expects subscription revenues in the range of $195-$197 million.

Additionally, Cloudera’s clientele comprises large global enterprises with strong credit profiles, thus ensuring timely payments. This bodes well for its top line in the upcoming quarterly release.

Moreover, Cloudera’s collaboration with NVIDIA (NVDA - Free Report) in the fiscal first quarter is expected to have helped this currently Zacks Rank #3 (Hold) company strengthen its clientele in the March quarter.

The companies collaborated to provide customers with accelerated data engineering, analytics, machine learning, and deep-learning performances with the power of Nvidia GPU computing for delivering better business outcomes.

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