According to a Zion market research report, the global hadoop market was estimated to grow at CAGR of 50% to $87.14 billion by the end of 2022. Billion-Dollar Unicorn Cloudera (CLDR) is a leading player in the segment which recently strengthened its standing in the market by announcing its merger with rival Hortonworks (HDP).
Cloudera's Financials
Cloudera's third quarter revenues grew 25% over the year to $118.18 million, ahead of the market's forecast of $113 million. Net loss of $0.03 a share was also better than the Street's estimates of a loss of $0.11