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Hortonworks, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Nov 8, 2018. Its latest SEC filing is a SC 13G from Feb 13, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides open-source data management platforms and services that help enterprises, educational institutions, and government agencies manage and analyze data.

How Did They Make Money?

Hortonworks earns most of its revenue from support subscriptions and consulting and education services. Customers typically pay subscriptions in advance; consulting is priced mainly by time and materials, while education is priced by attendance.

FY2017 revenue

Who Were Their Customers?

Its direct sales team targets enterprise and government accounts, while reseller partners work with Hortonworks to find prospects and sell subscriptions and services; customers also include educational institutions.

Did Revenues Turn Into Profits?

No. It lost $204.5M in FY2017.

Operating income, FY2017
−76% of revenue
▼ −21% (Loss) vs FY2016 (−$251.2M, −136%)
Net income, FY2017
−78% of revenue
▼ −19% (Loss) vs FY2016 (−$251.7M, −136%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
Net income
▼ −30% (Loss)
vs −$45.4M in Q3 FY2017
  • Jan 3, 2019 Cloudera completed its merger with Hortonworks Hortonworks shares were converted into the right to receive Cloudera shares, and trading in Hortonworks shares was halted ahead of delisting.

Grew. Revenue grew 23.8x in 4 years, from $11M in FY2012 to $261.8M in FY2017, about 121% a year.

Who Did They Compete With?

Competes with Cloudera, MapR Technologies, Oracle, Amazon, Teradata, Microsoft, IBM, Hewlett Packard Enterprise, SAP, Dell EMC, MongoDB, and DataStax

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