Wednesday, August 5, 2015

Hortonworks Hits Revenue of $30.7 million, up 154% YoY

Hortonworks, which specializes in Open Enterprise Hadoop, reported Q2 revenue of $30.7 million, an increase of 154 percent over the $12.1 million in the second quarter of 2014. There was a total GAAP gross profit of $17.5 million for the second quarter of 2015, compared to gross profit of $5.5 million in the same period last year.

"We are very pleased with our second quarter performance which was highlighted by support subscription revenue growth of 178% year-over-year and solid customer momentum with the addition of 119 new support subscription logos," said Rob Bearden, chief executive officer and chairman of the board of directors of Hortonworks. "As leading enterprise organizations continue to deploy the Hortonworks Data Platform in production at scale, as evidenced by our 144% dollar-based net expansion rate over the trailing four quarters, we could not be more thrilled to serve as their trusted IT partner during this transformational period in the data management industry."