Cloudera customers hit brakes on renewals ahead of Cloudera Data Platform, CEO Reilly to retire

Cloudera was seeing competition from public cloud providers.  In our first quarter as a merged company, we experienced headwinds in bookings from existing customers. These customers generally represent more than 90% of our growth with a focus of the quarter's activities. We've analyzed the challenges we encountered in the quarter and believe the 2 factors primarily contribute to the bookings impact... During this period of uncertainty, we saw increased competition from the public cloud vendors. Second, the announcement in March of Cloudera Data Platform, our new hybrid and multi-cloud offering, created significant excitement within our customer base. CDP is compelling as it addresses many of our customers' pressing needs. However, our rapid execution on the Cloudera platform caused customers to wait until release to renew and expand their agreements.


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