For its fiscal third quarter ended October 31, the enterprise data cloud software company posted revenue of $217.9 million, up 10% from a year ago, and ahead of its guidance range of $207 million to $210 million. Non-GAAP earnings were 15 cents a share, likewise ahead of the company’s forecast range of 8 to 10 cents a share. Subscription revenue was 197.4 million, up 18%. Annual recurring revenue was up 12%.
For the January quarter, Cloudera (ticker: CLDR) sees revenue of $219 million to $222 million, with non-GAAP profits of 10 to 12 cents a share, ahead of the previous Street consensus at $215.7 million in revenue and per-share earnings of 10 cents.
For the January 2021 fiscal year, Cloudera now sees revenue of $862 million to $865 million, ahead of its previous forecast of $839 million to $853 million, with non-GAAP profits of 40 to 42 cents a share, up from 32 to 35 cents.
The company also announced a $500 million addition to its stock repurchase plan.
“We believe that Cloudera has never been better-positioned to capture more of the rapidly growing data management and analytics market opportunity for hybrid multi-cloud solutions,” Cloudera CEO Rob Bearden said in a statement.
Cloudera shares in late trading Thursday were up 8.2%, to $12.53.
Write to Eric J. Savitz at email@example.com