id="info"

Hortonworks ends Q4 with subscription revenue up 146 percent

The Palo Alto-based corporation reported a net loss of $50.2 million, or $1.11 per share.

Open-source Hadoop vendor Hortonworks announced fourth quarter earnings and revenue results Wednesday after the bell.

The Palo Alto-based corporation reported a net loss of $50.2 million, or $1.11 per share (statement).

Non-GAAP losses were 72 cents per share on revenue of $37.4 million.

Wall Street was bracing for a loss of 80 cents per share with $35.7 million in revenue.

For the year, Hortonworks brought in $121.9 million in revenue with an earnings loss of $3.08 per share. Analysts were looking for fiscal year revenue of $122.28 million with a loss of $3.12 per share.

For the current quarter, Wall Street is looking for non-GAAP earnings loss of 73 cents per share with $39.46 million in revenue.

Hortonworks followed up with revenue guidance of $39.5 million.

Shares of Hortonworks jumped around 5 percent in after market trading as a result of the solid report.

Despite the company's consistent losses, CEO Rob Bearden said Hortonworks has increased its subscription revenue growth by 146 percent year-over-year. The company also managed to double its customer base during 2015.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All
See All