Hortonworks, New Relic Satisfy Earnings Targets

Hortonworks led the technical outcome parade on Tuesday, surpassing market expectations and announced the results. The company posted a net loss of $ 42 million (52 cents per share) against revenues of $ 86.3 million, up 40% from last year. Non-GAAP losses in the first quarter were 12 cents per share.

Wall Street expected Houghton Works to report a loss of 23 cents per share on a non – GAAP basis with a business scale of $ 80.5 million.

Among breakdowns, Hortonworks reported that the revenue from the support contract was $ 65 million and that professional services revenue was $ 20 million.

Sales in the third quarter are $ 87 million, which is estimated to be $ 82 million higher than analyst estimates. Hortonworks shares increased by over 11% over time.

Cornerstone on Demand We also reported results for the second quarter beyond estimates.

Talent Management Software Provider reported a net loss of $ 11.3 million (20 cents per share). Non-GAAP earnings were 13 cents per share with sales of 143 million (14% year-on-year increase).

Wall Street expects a profit of 12 cents per share with sales of $ 112.3 million.

In addition, the company announced that it has completed the same quarter with a revenue report, with 3,363 registered companies and 36.7 million total users. Subscription revenue increased 21% to $ 116.7 million.

In the current quarter, Cornerstone expects revenues of $ 113 million from $ 129 million, which exceeds the Wall Street estimate of $ 122 million.

New relicsOn the other hand, we report on the financial results for the first quarter when we achieved our profit and profit targets.

Software analyst firm's net loss was $ 5.6 million, or 10 cents a share.

On a non-GAAP basis, net income was $ 182.2 million, a year-on-year increase of 35%, at 15 cents per share.

Wall Street expects a profit of 11 cents per share with sales of $ 106 million.

Source: Zdnet

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