Cloudera product chief Murthy departs; Q2 revenue up 10%
Cloudera, which will become a private company, said its second quarter revenue was up 10% compared to a year ago.
The company announced plans to go private in a $5.3 billion deal with Clayton, Dubilier Rice (CDR) and KKR on June 1.
Cloudera said going private will help it develop its hybrid and multi-cloud strategy for its Cloudera Data Platform (CDP).
In a statement, Cloudera also said Arun Murthy, chief product officer, will leave the company effective immediately.
Cloudera also said that CFO Jim Frankola will become a strategic advisor when the CDR and KKR transaction closes and Kevin Cook, senior vice president of finance, will become CFO. Cloudera shareholders have approved the deal.
The company reported second quarter revenue of $236.06 million with a net loss of $33.2 million, or 11 cents a share. On a non-GAAP basis, Cloudera reported second quarter earnings of 15 cents a share. No guidance was provided.
Article source: https://www.zdnet.com/article/cloudera-product-chief-murthy-departs-q2-revenue-up-10/#ftag=RSSbaffb68