Open-source Hadoop vendor Hortonworks announced fourth quarter earnings results Tuesday after the bell.
This marks the first quarterly filing for the Palo Alto-based Hortonworks since its IPO in December of last year, when its stock popped 65 percent on the first day of trading.
The Hadoop heavyweight reported a net loss of $90.6 million, or $5.38 per share (statement).
Non-GAAP losses were $2.19 per share on revenue of $12.7 million.
Wall Street was looking for a loss of $2.04 per share with $13.4 million in revenue.
On a conference call after the results, Hortonworks CEO Rob Bearden spoke optimistically of the quarter, the IPO and the outlook for Hadoop, which he says "has really crossed the chasm" in enterprise adoption. Bearden said enterprises are seeking out the ability to manage multiple workload types on a central architecture. And lucky for Hortonworks, he said it's YARN that makes that happen.
"Leading enterprise organizations have concluded that YARN-enabled Hadoop is foundational to their modern data architecture and the Hortonworks Data Platform is rapidly becoming the de facto standard to unlock business insight by bringing the new paradigm of data under management," he added.
For the current quarter, Hortonworks expects revenue between $17.5 million and $18.5 million, representing year-over-year growth of 70 percent.