Hortonworks (HDP) Misses Q2 EPS by 2c; Issues Weak Outlook

Hortonworks (NASDAQ: HDP) reported Q2 EPS of ($0.72), $0.02 worse than the analyst estimate of ($0.70). Revenue for the quarter came in at $43.6 million versus the consensus estimate of $45.26 million.

GUIDANCE:

Hortonworks sees Q3 2016 revenue of $45 million, versus the consensus of $49.3 million.

Hortonworks sees FY2016 revenue of $177 million, versus the consensus of $191.4 million.

"Our second quarter performance was highlighted by strong support subscription revenue growth and a material improvement in operating cash flow," said Rob Bearden, chief executive officer and chairman of the board of directors of Hortonworks. "We remain focused on transforming our enterprise customers' business models while also improving our own business model."

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

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