Hortonworks tops Q3 estimates, revenue at $33.1 million
Open-source Hadoop vendor Hortonworks announced third quarter earnings and revenue results Wednesday after the bell.
Tech Earnings
The Palo Alto-based corporation reported a net loss of $44.5 million, or $1.01 per share (statement).
Non-GAAP losses were 74 cents per share on revenue of $33.1 million.
Wall Street was bracing for a loss of 83 cents per share with $30.7 million in revenue.
Describing the executive team as "pleased" with last quarter's performance, Hortonworks CEO and chairman Rob Bearden cited solid customer momentum and growth in support subscription revenue for bolstering the quarter.
Hortonworks also surprised analysts with better-than-expected Q4 revenue guidance. The company expects fourth quarter revenue of $32 million to 34 million, versus the consensus of $32.22 million.
For fiscal 2015, Hortonworks sees revenue of $118.6 million to $120.6 million, topping the consensus of $117.37 million.