Tuesday, February 17, 2015

Cloudera Exceeds $100 Million in Annual Revenue for Enterprise Hadoop

Cloudera, a start-up based in Palo Alto, California, disclosed that its unaudited annual revenue surpassed $100 million for its recently completed fiscal year.  Recurring subscription software revenue growth accelerated year over year to approximately 100%. In addition, total enterprise subscription software customers(4) grew by more than 85% to approximately 525; approximately 250 new logo customers were added during the year.

Cloudera also said its partner ecosystem, the largest in the industry, expanded beyond 1,450 companies, including new or enhanced partnerships with EMC Isilon, Microsoft, Red Hat, SAP, TCS and Teradata.

“Accelerating growth in the Hadoop market and in our own business can be directly attributed to the introduction of the enterprise data hub, now representing more than 60% of new business for Cloudera,” said Mike Olson, the company's Chief Strategy Officer and Co-founder. “In fact, our customers adopting an EDH are renewing and expanding their use of Hadoop at a faster rate than ever as they see increased value from Big Data.”



Post a Comment

See also