3 Things Hortonworks Management Wants You to Know

Hadoop technology distributor Hortonworks (NASDAQ: HDP) had a positive earnings report this month, sending the stock up roughly 25% since its Aug. 3 release. The company operates as one of only a few Hadoop distributors, and is thus well-positioned in the fast-growing industries of big data processing and open-source software.

Revenue came in at $61.8 million, up a strong 41.7% year over year and $4.2 million above analyst estimates, while non-GAAP net losses came in at $0.44, beating expectations by $0.05. While those losses may seem large, Hortonworks is investing heavily to embed its technology in large enterprises' data science architectures going forward. As the revenue number shows, that is a potentially exciting area. Here are some highlights from the recent earnings report and conference call with analysts that show what Hortonworks' management wants investors to know about the quarter and its future.

Hortonworks signed a landmark deal with IBM (NYSE: IBM) in the quarter. As part of the deal, IBM will sell Hortonworks Data Platform (HDP) and Hortonworks DataFlow (HDF) as the architecture underneath IBM's Data Science Experience and Big SQL applications, and Hortonworks' sales force will resell those IBM applications as its de facto data science platforms to its customers.

Source: Fool.com