Cloudera Inc (CLDR) released its first quarter results on Wednesday, June 2, 2021. The company reported net earnings of $-0.14 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 30 percent compared to the same period a year ago.
The company was founded in 2008 and is headquartered in Palo Alto, California. Cloudera, Inc. provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.
Cloudera's revenue increased 8 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 94.45% for the first quarter compared to the same period in the previous year, and operating margins increased to 15.05% over the same period. Net earnings for past trailing twelve months were $-145.12 million, up 50% from the prior year.
Moving on to the balance sheet, Cloudera's cash levels jumped 5% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 1.36% this past year. The current ratio for Cloudera now stands at 1.11. The company decreased shares outstanding by 1.34%.
Shares of CLDR are currently trading around $15.82. In terms of valuation, the stock is trading at a price to book ratio of 4.17.
_____
This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, June 3, 2021.