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November 5, 2015

Big data opens up for Hortonworks as Hadoop subscriber surge doubles revenue

News: Hadoop vendor posts a better than expected Q3.

By Alexander Sword

Hortonworks saw a net loss of $32.5 million in Q3, beating analyst estimates.

This was a 5 percent increase compared to Q3 2014.

The software company saw its revenue at $33.1 million for Q3, an increase of 159 percent year-on-year.

The loss of 74 cents per share and the revenue were ahead of analyst estimates of 83 cents per share and revenue of $30.7 million.

Revenue was driven by 168 percent year-on-year subscription revenue growth.

The quarter saw the acquisition of Onyara, leading to the introduction of Hortonworks DataFlow. In addition, in August, Hortonworks announced a strategic partnership with EY to produce data management products.

CEO Rob Bearden said: "As leading enterprise organisations continue to deploy the Hortonworks Data Platform in production at scale, as evidenced by our 156 percent dollar-based net expansion rate over the trailing four quarters, we are excited to serve as their trusted IT partner during this transformational period in the data management industry."

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Read CBR’s recent exclusive interview with Arun Murthy, founder of Hortonworks, here.

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