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Hortonworks (HDP) Posts Smaller-than-Expected Q3 Loss, Sales Beat; Outlook Slightly Above Views

November 4, 2015 4:29 PM

Hortonworks (NASDAQ: HDP) reported Q3 EPS of ($0.74), $0.09 better than the analyst estimate of ($0.83). Revenue for the quarter came in at $33.1 million versus the consensus estimate of $30.69 million.

Hortonworks sees Q4 2015 revenue of $32-34 million, versus the consensus of $32.22 million.

Hortonworks sees FY2015 revenue of $118.6-120.6 million, versus the consensus of $117.37 million.

"We are pleased with our third quarter performance which was highlighted by support subscription revenue growth of 168% year-over-year and solid customer momentum with the addition of 152 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 156% 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."

For earnings history and earnings-related data on Hortonworks (HDP) click here.

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