Hortonworks Posts Q1 Revenue of $23 Million, up 167% YoY

In its first quarterly financial report as a public company,  Hortonworks reported Q1 revenue of $22.8 million, an increase of 167% compared to the first quarter of 2014. Total GAAP gross profit was $11.3 million, compared to gross profit of $2.6 million in the first quarter of 2014. GAAP operating loss for the first quarter totaled $40.5 million, compared to a loss of $20.3 million during the first quarter last year. Non-GAAP operating loss for the first quarter was $32.3 million, compared to a loss of $15.8 million during the same period last year.

"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," said Rob Bearden, chief executive officer and chairman of the board of directors, Hortonworks. "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."

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