Earlier this week, Hortonworks announced financial results for the first quarter of 2018. The year has started off on a strong note, as our CEO Rob Bearden announced another record breaking quarter! The Q1 revenue of $79.1 marked a 41 percent growth compared to the prior year. Q1 also was another quarter of positive operating cash flow.
Hortonworks has been a public company for over four years now, and in that time, has evolved from the leading Hadoop provider to the leading global data management platform company. The continued growth in both data volume and accelerating velocity remain the core drivers of this growth.
From Rob’s remarks, “While Hadoop remains a cornerstone technology within our strategy, the combination of Hortonworks Data Platform (HDP), Hortonworks DataFlow (HDF), and Hortonworks DataPlane Service (DPS) now places us squarely at the core of the global data management marketplace.”
Last month at DataWorks Summit Berlin, we announced a new offering for DPS called Data Steward Studio (DSS). DSS removes the barriers between disparate storage locations and ensures a unified policy for security, governance and operations. This gives customers more insight into their data across various locations and environments.
This was a timely release, as the new General Data Protection Regulation (GDPR) in Europe is taking effect in a couple weeks. With DSS, Hortonworks is in a strong position to help customers comply with these new regulatory requirements.
Another highlight was the release of the newest version of HDF, which has become a critical component for many customers who demand real-time data streaming capabilities and those market leaders with advanced Internet of Things (IoT) frameworks. This platform continues to see huge momentum, as half of the deals this quarter over $1.0 million included HDF.
It’s clear that the company continues to grow rapidly, and it wouldn’t be possible without our customers. Today, we have over 1,400 customers across every industry achieve incredible results!
Some of the industries that Rob highlighted were as follows:
Thanks to all our customers and partners for making this another monumental quarter!
To learn more about Hortonworks customers, check out: https://hortonworks.com/customers/