Hadoop vendor posts a better than expected Q3.

News: Hadoop vendor posts a better than expected Q3.

#Hortonworks saw a net loss of $32.5 million in Q3, beating analyst estimates.

This was a 5 percent increase compared to Q3 2014.

The software company saw its revenue at $33.1 million for Q3, an increase of 159 percent year-on-year.

The loss of 74 cents per share and the revenue were ahead of analyst estimates of 83 cents per share and revenue of $30.7 million.

Revenue was driven by 168 percent year-on-year subscription revenue growth.

The quarter saw the acquisition of #Onyara, leading to the introduction of Hortonworks DataFlow. In addition, in August, Hortonworks announced a strategic partnership with #EY to produce data management products.

CEO Rob Bearden said: "As leading enterprise organisations continue to deploy the Hortonworks Data Platform in production at scale, as evidenced by our 156 percent dollar-based net expansion rate over the trailing four quarters, we are excited to serve as their trusted IT partner during this transformational period in the data management industry."

http://www.cbronline.com/news/big-data/platforms/big-data-opens-up-for-hortonworks-as-hadoop-subscriber-surge-doubles-revenue-4711795