Big Data Financial Update (Dec. 2016)
In our latest recurring feature, we’ll provide you with financial highlights from companies in the Big Data industry. Check back in regularly for an updated list with the most pertinent fiscal information.
Hortonworks (NASDAQ: HDP)
Hortonworks has announced financial results for the third quarter of 2016. Total revenue for the quarter was $47.5 million, a 47% increase compared to the same quarter of 2015. Net loss for the quarter was $64.7 million ($1.10 per diluted share), compared to $45.3 million for the third quarter of 2015 ($1.03 per diluted share). Gross profit for the quarter was $27.7 million.
For the fourth quarter of 2016, Hortonworks predicts total revenue to reach $48 million. The Company expects income for the full year of 2016 to be $269.4 million. More information can be found here.
“Q3 was a milestone quarter for Hortonworks. We crossed the 1,000 customer count and our operating billings grew 66% year-over-year,” said Rob Bearden, CEO and Chairman. “Customers in 60 countries have selected our connected data platforms to leverage a comprehensive data management strategy spanning on-premise, hybrid and public cloud environments. As we continue to work within the Apache Software Foundation to enhance the value to our customers, we are looking forward to future achievements in product functionality and the benefits to be derived from our industry leading solutions.”
Splunk (NASDAQ: SPLK)
Splunk has reported third quarter 2017 financial results. Total revenue for the quarter was $245 million, up 40% year-over-year. GAAP operating loss was $91 million (down $0.69 per share) while non-GAAP operating income was $16.7 million ($0.12 per share).
For the fourth quarter, Splunk expects income to range between $286 million and $288 million. For the year, the Company anticipates revenue to sit between $930 million and $932 million. More information can be found here.
“Our market opportunity is tremendous,” said Doug Merritt, President and CEO. “Splunk provides the market leading platform that powers Operational Intelligence to enable customers to cost effectively get value from machine data. We want to make it easier to collect and analyze even larger volumes and varieties of data to help our customers gain more insights and value from Splunk solutions. Our passionate customers and their innovations with the Splunk platform are at the core of our success.”
Teradata (NYSE: TDC)
Teradata has announced third quarter 2016 financial results. Total revenue for the quarter was $552 million, which was a 3% decrease from the same quarter of 2015 ($606 million). The company also reported GAAP net income of $49 million for the quarter, or $0.37 per diluted share.
For the fourth quarter of 2016, Teradata expects revenue to sit between $620-$640 million and GAAP earnings to range between $0.43 and $0.48. More information can be found here.
“In the third quarter, the Teradata team delivered revenue in line with our guidance and better than expected earnings per share while reshaping our business to deliver greater value to our customers and shareholders,” said Victor Lund, President and CEO. “We advanced our business analytic solutions, ecosystem architecture consulting and our hybrid cloud offerings with industry-first initiatives like Teradata Everywhere and Borderless Analytics, which exemplify the new Teradata. We are accelerating execution of our strategy to better serve our customers and create new opportunities for our company.”
Talend (NASDAQ: TLND)
Talend has disclosed financial results for the third quarter of 2016. The Company announced a record quarter, achieving $27.4 million in revenue. A year ago, that number was $19.6 million for the quarter.
For the fourth quarter, Talend expects revenue to sit between $29 million and $30 million. For the full year, the Company predicts revenue to range between $104.5 million and $105.5 million. More information can be found here.
“Our record revenue in the third quarter of 2016 of $27.4 million underscores the demand for our next-generation integration solutions,” said Mike Tuchen, CEO. “We had several notable achievements in the quarter. Our total revenue growth continued to accelerate with a 40% increase year-over-year, which is up from 38% in the second quarter. On a constant currency basis, our subscription revenue grew 44% year-over-year. Revenue from our cloud and big data solutions grew over 100% year-over-year for the seventh consecutive quarter, and we booked our largest single deal to date with one of the largest healthcare providers in the world. Talend also achieved free cash flow breakeven in the quarter, which we believe demonstrates the efficiency of our financial model. Overall we are pleased with our continued momentum and demonstrated leadership in big data and cloud integration, which positions us well for the remainder of 2016 and beyond.”
Attunity (NASDAQ: ATTU)
Attunity has reported results for the third quarter of 2016. GAAP total revenue for the quarter was $13 million, compared to $12.7 million for the third quarter of 2015. The Company also reported a GAAP net loss of $4 million for the quarter ($0.24 per share), doubling losses from the same quarter of 2015 ($1.9 million and $0.12 per share).
Attunity expects revenue for the full year of 2016 to range between $52.5 and $55 million. More information can be found here.
“After 12 consecutive quarters of year-over-year growth, our third quarter 2016 results were below our internal expectations and not reflective of the market potential we believe exists. In 2016, we closed several larger and strategic deals with global companies, as our technology is well aligned with modern Big Data architectures and customer needs. This quarter, while we continued to see a number of significant deals in our pipeline, we were unable to complete the sales cycle before the end of the third quarter. The longer sales cycle associated with these types of deals are one of the challenges we are working to overcome through adjustments to our sales and marketing strategies,” said Shimon Alon, Chairman and CEO of Attunity. “We believe the Company is on the right path towards driving solid long-term growth.”
New Relic (NYSE: NEWR)
New Relic has announced financial results for the second quarter of 2017. Income for the quarter reached $63.4 million, a 48% year-over-year increase and an 8% increase from the first quarter of 2017. GAAP net loss per share was $0.28 for the quarter while non-GAAP net loss per share was $0.09.
For the third quarter, New Relic predicts revenue to sit between $65.5 million and $66.5 million. For the full year, the Company expects total income to range between $255 million and $258 million. More information can be found here.
“We are pleased to deliver revenue and operating leverage improvement that exceeded our guidance for the second quarter,” said Mark Sachleben, CFO. “At the same time GAAP and Non-GAAP gross margins reached record levels of 81% and 83%, respectively, and we generated positive cash from operations for the fourth consecutive quarter. As we look ahead, we believe New Relic is well positioned to continue generating rapid growth and delivering bottom line improvement as our subscription-based business model scales.”