February 28, 2015 8:06 AM ET

Internet Software and Services

Company Overview of Hortonworks, Inc.

Company Overview

Hortonworks, Inc. focuses on the development, distribution, and support of Hadoop open source project in the United States and internationally. The company provides enterprise grade Hadoop solution, an enterprise-grade data management platform that enables its customers to capture, store, process, and analyze increasing amounts of existing and new data types without the need to replace their existing data center infrastructure. It also offers support subscription, and training and consulting services. The company was founded in 2011 and is headquartered in Palo Alto, California.

3460 West Bayshore Road

Palo Alto, CA 94303

United States

Founded in 2011

601 Employees

Phone:

408-916-4121

Key Executives for Hortonworks, Inc.

Chairman of The Board and Chief Executive Officer
Age: 47
Total Annual Compensation: $166.7K
President
Age: 51
Total Annual Compensation: $166.7K
Vice President of Engineering
Age: 42
Total Annual Compensation: $200.0K
Vice President of Corporate Strategy
Age: 50
Total Annual Compensation: $133.3K
Compensation as of Fiscal Year 2013.

Hortonworks, Inc. Key Developments

Hortonworks, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Hortonworks, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total support subscription and professional services revenue was $12,660,000 against $8,147,000 a year ago. Loss from operations was $92,459,000 against $14,698,000 a year ago. Loss before income tax expense was $90,548,000 against $14,724,000 a year ago. Net loss was $90,633,000 against $14,739,000 a year ago. Net loss per share of common stock, basic and diluted was $5.38 against $4.23 a year ago. Total non-GAAP revenue was $16.7 million, an increase of 96% compared to the non-GAAP revenue for the same period last year. Non-GAAP operating loss was $37.0 million, compared to a loss of $13.7 million during the same period last year. Non-GAAP net loss was $36.9 million or $2.19 per basic and diluted share compared to a net loss of $13.7 million or $3.93 per basic and diluted share in the same period last year. Adjusted LBITDA was $21.8 million compared to $9.3 million for the same period a year ago. For the year, total support subscription and professional services revenue was $46,048,000 against $24,085,000 a year ago. Loss from operations was $173,499,000 against $63,167,000 a year ago. Loss before income tax expense was $178,476,000 against $63,090,000 a year ago. Net loss was $177,365,000 against $63,139,000 a year ago. Net loss per share of common stock, basic and diluted was $24.16. Net cash used in operating activities $87,864,000 against $29,833,000 a year ago. Purchases of property and equipment was $6,276,000 against $639,000 a year ago. Total non-GAAP revenue was $52.1 million, an increase of 113% compared to fiscal year 2013. Non-GAAP operating loss was $105.7 million compared to a loss of $55.1 million during the prior year. Non-GAAP net loss was $105.5 million or $14.37 per basic and diluted share, compared to a net loss of $55.1 million in 2013. Adjusted LBITDA was negative $70.7 million compared to negative $42.3 million for the same period last year. For the first quarter of 2015, The company expects total revenue between $17.5 million and $18.5 million, representing year-over-year growth of 70% at the midpoint and adjusted LBITDA between $27.0 million and $29.0 million. For the full year 2015, the company expects total revenue between $83.5 million and $86.5 million, representing year-over-year growth of 63% at the midpoint and adjusted LBITDA between $78.0 million and $84.0 million.

Hortonworks and Hitachi Data Systems Partner to Deliver Apache Hadoop to the Enterprise

Hortonworks announced that it has signed an agreement with Hitachi Data Systems Corporation to jointly promote and support Hadoop. The agreement enables HDS to deliver Hortonworks Data Platform (HDP) to Hitachi's enterprise customers. The move strengthens the HDS portfolio of big data and social innovation strategy solutions. Built and packaged by the core architects of Apache Hadoop, Hortonworks Data Platform includes all of the necessary components to refine and explore new data sources, and uncover new business insights from big data sources. It is a core component of the next-generation enterprise data architecture as it enables enterprise organizations to capture, process and share data in any format and at any scale. For HDS, working with the Hortonworks Data Platform reflects the company's increased efforts in providing business solutions focused on integrating information and analytics in ways that allow for fast deployment and to easily derive value from information.

Hortonworks, Inc. to Report Q4, 2014 Results on Feb 24, 2015

Hortonworks, Inc. announced that they will report Q4, 2014 results After-Market on Feb 24, 2015

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