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Hortonworks beats revenue expectations for Q4

Submitted by on February 9, 2018 – 1:28 amNo Comment

Hortonworks reported its financial results for the fourth quarter of fiscal 2017 on Thursday, reporting higher-than-expected revenues and a net loss in line with expectations. The company reported a net loss of $48.2 million, or 68 cents a share, on revenue of $75 million, up 44 percent from a year ago. The non-GAAP loss for the fourth quarter was 24 cents a share.

Hortonworks

Wall Street was expecting Hortonworks to report a non-GAAP loss of 24 cents a share on revenue of $70.46 million. For 2017, Hortonworks reported a net loss of $204.5 million, $3.08 cents per share, on revenue of $261.8 million, up 42 percent from a year ago. The non-GAAP loss for the full year was $1.40 per share. For the full year, Wall Street was expecting Hortonworks to report a non-GAAP net loss of $1.42 a share on revenue of $257.26 million.

To read the entire article, please click on this http://www.zdnet.com/article/hortonworks-q4-earnings-revenue-beats-expectations/