Cloudera named Martin Cole interim CEO as Tom Reilly will retire effective July 31. The company also delivered fiscal first quarter sales that fell short of estimates and an outlook that disappointed. The CEO transition comes as Cloudera closed the Hortonworks acquisition just months ago. Cole will be part of the board member committee conducting a search for the new CEO. Cole had been the head of Accenture’s Technology Group before retiring in 2014.
Cloudera reported a first quarter net loss of $103 million, or 38 cents a share, on revenue of $187.5 million. The Hortonworks deal closed Jan. 3 so sales for Cloudera are well ahead of last year. On a non-GAAP basis, Cloudera reported a first quarter loss of 13 cents a share. Wall Street was looking for a non-GAAP loss of 23 cents a share on revenue of $188.4 million. Shares were hammered 28% in afterhours trading.
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