Hortonworks ends Q4 with subscription revenue up 146 percent
Tech Earnings
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.