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February 25, 2015

Billings boost Hortonwork’s 2014 Q4

Revenue and billings are looking healthy for the company but losses are still significant.

By James Nunns

Hortonworks, a contributor and provider of enterprise Apache Hadoop, has announced mixed fourth quarter 2014 and full fiscal year results.

The company issued total GAAP revenue of $46 million which represents an increase of 91% compared to the prior year.

The companies first quarterly earnings as a publicly held company show revenue for the fourth quarter 2014 at $12.7 million, which shows an increase of 55% compared to the previous year.

Perhaps worryingly for shareholders is an operating loss for the fourth quarter 2014 totalling $92.5 million, which is up significantly from the previous year for the same period ($14.7million).

Meanwhile, billings for the company have also shown great increase in the fourth quarter as they were at $31.9 million, a 148% increase over the same period of the previous year and a 48% increase over the third year 2014. Its fiscal year billings were $87.1 million, a 134% increase over 2013.

Rob Bearden, chairman of the board of directors and chief executive officer, Hortonworks, said: "We are very pleased with our strong fourth quarter performance highlighted by billings growth of 148% year-over-year."

"The completion of our initial public offering was an important milestone for us as it brought increased transparency, greater brand awareness and incremental resources to execute our growth strategy."

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"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."

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