Cloudera, Inc. (NYSE:CLDR) Q2 2020 Earnings Conference Call - Final Transcript

Sep 04, 2019 • 05:00 pm ET


Cloudera, Inc. (NYSE:CLDR) Q2 2020 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Elaine and I will be your conference operator today. Welcome to the Cloudera Second Quarter Fiscal 2020 Quarterly Results Conference Call. [Operator Instructions]

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

Kevin Cook

Thank you, Elaine. Good afternoon, and welcome to Cloudera's second quarter fiscal 2020 conference call. We will be discussing the results announced in our press release issued after market close today. From Cloudera with me are Marty Cole, Chairman and Interim Chief Executive 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, 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 3rd 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 quantitative reconciliation of those figures, please refer to today's press release regarding our second quarter results. The press release has also been furnished to the SEC as part of our Form 8-K.

In addition, please note the date of this conference call is September 4th 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 and Interim CEO.

Martin Cole

Thank you, Kevin. Hello, everyone, and thank you for joining us to discuss our second quarter fiscal 2020 financial results. It has been an exciting month, since I became Interim CEO on August 1st. I am pleased to report that we executed well in