Combined Cloudera And Hortonworks Plan To Take On Amazon

According to a Zion Market research report, the global hadoop market was estimated to grow at CAGR of 50% to $87.14 billion by the end of 2022. Billion Dollar Unicorn Cloudera (NYSE: CLDR) is a leading player in the segment which recently strengthened its standing in the market by announcing its merger with rival Hortonworks.

Cloudera’s Financials

Cloudera’s third quarter revenues grew 25% over the year to $118.18 million, ahead of the market’s forecast of $113 million. Net loss of $0.03 a share was also better than the Street’s estimates of a loss of $0.11 per share.

Subscriptions revenues grew 28% to $99.7 million and services revenues grew 12% to $18.5 million.

During the quarter, it added 33 customers with annual recurring revenue greater than $100,000, taking the count to 601.

For the current quarter, Cloudera forecast revenues of $119-$122 million with a net loss of $0.12-$0.10 per share. It expects to end the year with revenues of $450-$453 million and adjusted losses of $0.40-$0.38 per share. The market was looking for revenues of $119.7 million with a loss of $0.14 per share. They expect the company to end the year with revenues of $447.15 million and a loss of $0.51 per share.

Cloudera and Hortonworks Merger

Cloudera has been in the news recently for its $5.2 billion all-stock merger deal with Hortonworks. Santa Clara-based Hortonworks was spun out of Yahoo in 2011. It became a leading commercial vendor of Apache Hadoop. Its Data Platform is powered by Apache Hadoop and helps organizations build and deploy big data solutions on the open source platform. Essentially both Cloudera and Hortonworks use the same open-source code, but they operate in different but complementary markets. Hortonworks has grown through investments in the edge products while Cloudera has invested in the processing part of big data, including machine learning and artificial intelligence. They also support different cloud platforms. Cloudera supports Amazon Web Services and Microsoft Azure, while Hortonworks supports Google Cloud, IBM Cloud, and Azure.

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More investigation and analysis of Unicorn companies can be found in my latest Entrepreneur Journeys book, Billion Dollar ...

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