Wednesday, February 10, 2016

Hortonworks Sees Q4 Revenues Rise 196%

Hortonworks reported revenue of $37.4 million for the fourth quarter of 2015, an increase of 196 percent compared to the fourth quarter of 2014. Gross billings were $52.1 million for the quarter, a 63 percent increase over gross billings of $31.9 million in the same period last year. There was a GAAP gross profit of $21.7 million for the fourth quarter of 2015, compared to gross loss of $46.2 million in the same period last year.

"We are pleased with our fourth quarter performance, which was highlighted by support subscription revenue growth of 146% year-over-year," said Rob Bearden, chief executive officer and chairman of the board of directors of Hortonworks. "We more than doubled our customer base in 2015 and exited the year with over 800 customers. As evidenced by our 159% dollar-based net expansion rate over the trailing four quarters, we are excited to serve as the preferred IT partner during this transformational period in the data management industry."

http://www.hortonworks.com

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