Shares in Cloudera Inc. ( NYSE:CLDR ), the cloud-software group, shot up in premarket trade Thursday after the company reported a smaller-than-expected loss for its fiscal second quarter results. Shares in Cloudera soared 15.2% to US$16.60 before the opening bell. For the second quarter of its fiscal year 2019, Cloudera reported a loss of US$0.08 per share on revenue of US$110.3mln. The consensus estimate was a loss of US$0.15 per share on revenue of US$107.6mln. Revenue grew 22.8% on a year-over-year basis. READ: Cloudera shares plunge in pre-market amid poor growth reports "In 2Q we made substantial progress in our product and go-to-market transitions, delivering strong financial results in the quarter and accomplishing many of our goals for sustained success in our market," said Cloudera CEO Tom Reilly. "We continue to innovate in highly differentiating ways. With three new modern data warehouse offerings, we are well-positioned to disrupt the legacy data warehouse industry."