Cloudera Data Platform to debut, as big data fortunes waver
Big data stalwart Cloudera is a vendor in transition, with an interim CEO, a new acquisition and a major release coming soon with the Cloudera Data Platform, on which much of the company’s fortunes is riding. Cloudera on Sept. 4 reported its second quarter fiscal 2020 financial results, losing $87 million, or 31 cents a share, but with revenues rising higher than expectations to $196.7 million, up from $113 million a year ago due to its merger with former rival Hortonworks. Cloudera stock was markedly up in trading this week. Cloudera also made public its acquisition of certain assets of big data analytics vendor Arcadia Data, for an undisclosed price, to help further expand the Cloudera portfolio. Arcadia’s ArcEngine technology and related services provide artificial intelligence powered analytics and business intelligence. Analysts had mixed views on the acquisition. Howard Dresner, founder and chief research officer at Dresner Advisory Services, noted that Arcadia was his firm's top rated big data analytics system last year and Cloudera is one of the top rated analytical data infrastructure vendors and the two vendors’ systems already interoperate.