Cloudera, Inc. (NYSE:CLDR) Q3 2020 Earnings Conference Call - Final Transcript

Dec 05, 2019 • 05:00 pm ET


Cloudera, Inc. (NYSE:CLDR) Q3 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good afternoon, my name is Elaine and I will be your conference operator today. Welcome to the Cloudera Third Quarter Fiscal 2020 Quarterly Results Conference Call.

[Operator Instructions] Your host, 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 third quarter fiscal 2020 conference call. We'll 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; Jim Frankola, Chief Financial Officer; and Arun Murthy, Chief Product Officer.

During the course of this call, we'll 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 reports on Form 10-Q and our other filings with the SEC.

During this call, we'll present both GAAP and non-GAAP financial measures. Non-GAAP financial measures exclude stock-based compensation expense and amortization of acquired intangible assets. 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.

Except where noted, all numbers reported for prior periods are presented for Cloudera on a stand-alone basis, since 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 third quarter results. The press release has also been furnished to the SEC, as part of the current report on Form 8-K.

In addition, please note, the date of this conference call is December 5th, 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 Chief Executive Officer.

Marty Cole

Thank you, Kevin, and hello everyone. Thank you for joining us to discuss our third quarter fiscal year 2020 results.

Building on the momentum generated in Q2, I am very pleased to report that we continue to execute well in Q3. Among the highlights, we delivered strong operating and financial results across the board and launched the Cloudera