Earlier this week, Hortonworks announced financial results for the second quarter of 2018. Momentum is high at the halfway point of the year, as our CEO Rob Bearden announced another record breaking quarter! The Q2 revenue of $86.3 million marked a total revenue growth of 40 percent compared to the prior year. Q2 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. More enterprises continue to adopt hybrid and multi-cloud environments, and Hortonworks is uniquely positioned to meet those needs.
From Rob’s remarks, “It is important to note an overwhelming majority of companies are adopting a hybrid architecture for their strategic data assets. A true hybrid architecture has three fundamental components: on-premises, multi-cloud and the edge. We uniquely offer solutions in each of these areas: HDP, DPS and HDF.”
HDP 3.0 and DataWorks Summit
We had more customers than ever before attend our annual DataWorks Summit® San Jose. At the event we announced a new version of Hortonworks Data Platform (HDP®) 3.0.
The key highlights of HDP 3.0 include containerization on Hadoop for the next generation of data-driven applications, support and enablement for deep learning applications, real-time database capabilities and key optimizations for the hybrid cloud. Customers have already begun to take advantage of these innovations to help their customers accelerate time to insights needed for critical decision-making.
Additionally, we recently announced expanded partnerships with Microsoft, Google and IBM. These partnerships provide tremendous flexibility for customers, enabling low friction approaches to operationalize hybrid environments in support of an overall data strategy.
HIGHLIGHTING OUR CUSTOMERS
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:
- Johns Hopkins University has built a centralized enterprise data platform using public cloud infrastructure to securely ingest, log and store disparate types of sensitive data in support of defense, security and medical research being conducted by their Applied Physics Laboratory and medical research teams.
- TRAC Intermodal transformed its business from a traditional logistics environment to a cognitive powerhouse by leveraging predictive analytics and machine learning. The company manages multiple data sources for different lines of business and different analytic use cases on a shared HDP platform.
- Symantec has improved its analytics to deliver actionable intelligence with HDP and has designed systems for distributed deep learning and artificial intelligence (AI).
- American Water uses HDP and HDF to deliver critical data and insights to its field workers in real time. It uses a data lake as a single source to aggregate data from historical, traffic and real-time streaming sources.
Thanks to all our customers and partners for making this another successful quarter!