Cloudera, Inc. (NYSE:CLDR) Q1 2020 Earnings Conference Call Transcript

Jun 05, 2019 • 05:00 pm ET


Cloudera, Inc. (NYSE:CLDR) Q1 2020 Earnings Conference Call Transcript


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Good afternoon. My name is Chantelle and I'll be your conference operator today. Welcome to the Cloudera First Quarter Fiscal 2020 Quarterly Results Conference Call. All participants lines have been placed in listen-only mode to prevent background noise. After the speakers' remarks, there will be an opportunity to ask questions. (Operator Instructions) Please note, this conference is being recorded.

Your host is Kevin Cook; VP, Corporate Development and Investor Relations. Kevin, you may begin your conference.

Kevin Cook

Thank you, Chantelle. Good afternoon and welcome to Cloudera's first quarter fiscal 2020 conference call. We will be discussing the results announced in our press release issued after market closed today. From Cloudera with me are Martin Cole, Chairman; Tom Reilly Chief Executive Officer; Arun Murthy, Chief Product Officer; and Jim Frankola; Chief Financial Officer.

During the course of this call we will make forward-looking statements regarding future events and the future financial performance of the Company, including those as merged with Hortonworks. Generally these statements are identified by the use of words such as expect, believe, anticipate, intend and other words that denote future events. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We caution you to consider the important risk factors that could cause actual results to differ materially from those in the forward-looking statements in the press release and on this conference call.

These risk factors are described in our press release and are more fully detailed under the caption Risk Factors in our annual report on Form 10-K, our quarterly report on Form 10-Q and our other filings with the SEC.

During this call, we will present both GAAP and non-GAAP financial measures. Non-GAAP financial measures exclude stock-based compensation expense and amortization of acquired intangible assets. In addition, we provide a non-GAAP weighted average share count for fiscal 2020. These non-GAAP measures are not intended to be considered in isolation from, a substitute for or superior to our GAAP results and we encourage you to consider all measures when analyzing Cloudera's performance. All numbers reported for prior periods are presented for Cloudera on a standalone basis since the merger with Hortonworks closed on January 3, 2019 and as such there is no comparative year-over-year financial information for the combined company. For complete information regarding our non-GAAP financial information, the most directly comparable GAAP measures and a quantitative reconciliation of those figures, please refer to today's press release regarding our first quarter results. The press release has also been furnished to the SEC as part of a Form 8-K.

In addition, please note that the date of this conference call is June 5, 2019 and any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

Now, Marty Cole, Chairman of the Board of Directors.

Martin Cole

Thank you, Kevin. It's