By Yasin Ebrahim
Investing.com – Cloud company Cloudera jumped in after-hours trade Monday after delivering a surprise fourth-quarter profit.
Cloudera (NYSE:) was up 13% in postmarket trade.
The company reported earnings per share of $0.04 on revenue of $211.7 million, compared with estimates for a loss of $0.03 loss and revenue of $221.64.
The company guided first-quarter sales within a range of $202 million to $207 million, matching forecasts of $206.18 million and earnings per share in a range of -$0.01 to $0.01, better than estimates for a $0.04 loss.
Subscription revenue, which makes up the bulk of total revenue, rose 48% to $182 million.
“I am especially pleased that we’re seeing strong interest in CDP, with many customers across our base building plans for CDP Public Cloud adoption,” said CEO Rob Bearden.
Full-year sales were expected in a range of $860 million to $880 million, in line with expectations for $866.09 million.
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