View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
May 13, 2015

Hortonworks doubles losses in Q1 2015

Company shows strong growth from billings and revenue.

By James Nunns

Hortonworks Q1 financial results reveal that despite increases in revenue and billings, it has nearly doubled its net loss from Q1 2014 to $40.5 million.

This increase in net loss is mainly due to an effort to expand its operations.

The company saw its total GAAP revenue increase by 167% to $22.8 million for the first quarter of 2015, while billings saw a rise of 99% from $14.1 million in Q1 2014 to $22.8 million in Q1 2015.

Gross profit makes for pleasant reading for the big data software company as it posted $11.3 million total GAAP for Q1 2015, compared to $2.6 million for the previous year.

Rob Beardem, CEO, Hortonworks, said: "We are pleased with our first quarter performance which was highlighted by strong revenue growth and the addition of 105 new support subscription customer logos."

"This brings our support subscription customer base to over 400 and represents over 200% year-over-year growth in our customer base. Coupled with our 143% dollar-based net expansion rate over the trailing four quarters, it is becoming more evident that our land and expand strategy is leading to rapid Hadoop adoption across many enterprise organizations."

Looking forward and the company expects total revenue to grow by 83% to reach between $94 and $97 million. The company also expects Gross Billings to rise to between $153 and $159 million which would represent a year over year growth of 79% at the midpoint.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU