Cloudera Inc. CLDR, , which remains on track to be acquired by Clayton, Dubilier & Rice LLC and KKR & Co. KKR, +0.31% this year, reported a fiscal second-quarter adjusted profit and revenue that beat expectations, citing “strong” annualized recurring revenue (ARR) growth. The enterprise data cloud company’s stock was little changed in premarket trading. The net loss for the quarter to July 31 narrowed to $33.2 million, or 11 cents a share, from $36.0 million, or 12 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 15 cents from 10 cents, topping the FactSet consensus of 10 cents. Revenue rose 10.1% to $236.1 million, above the FactSet consensus of 226.8 million, as AAR grew 13%. The company said its shareholders have approved the acquisition by Clayton, Dubilier & Rice and KKR, and the deal is expected to close in the second half of 2021. The stock has rallied 24.0% over the past three months, while the S&P 500 SPX, +0.25% has tacked on 7.3%.
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