Open-source Hadoop vendor Hortonworks announced third quarter earnings and revenue results Wednesday after the bell.
- Comcast's broadband service gains in Q2 amid COVID-19
- Samsung Q2 profits strong thanks to memory
- Qualcomm beats Q3 estimates, announces patent deal with Huawei
- PayPal adds 21 million new active accounts
- Garmin's Q2 resilient, well ahead of estimates, COVID-19 fears
- Shopify's Q2 shines as businesses go digital en mass
- Seagate Q4 falls short as does outlook
- AMD's Q2 shines as sales jump 26% on Ryzen, Epyc demand
- Akamai, FireEye top Q2 estimates
- Juniper, A10 Networks report better-than-expected Q2 results
- F5 Networks tops third quarter earnings targets
- SAP's cash flow bounces back, cloud bookings remain stable
- Intel's 7nm products delayed
- Microsoft beats Q4 estimates thanks to strong cloud sales
- Amazon's Q2: $4 billion spent on COVID-19 and still nets $5.2 billion
- Apple eclipses Q3 estimates with double-digit growth in products and services
- Google's Q2 cloud revenue climbs over 43%
- Facebook blows past Q2 estimates, expects revenue growth to hold steady in Q3
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.