Hortonworks, which promotes Apache Hadoop to Big Data customers, has filed to launch a potential IPO (initial public offering). The move comes as Forrester Research predicts 2015 will be the year Hadoop becomes an enterprise standard. So, is it the perfect time for data scientists and IT departments to wrap their arms around Hortonworks? Here's a reality check.
During the first nine months of 2014, Hortonworks' revenues were $33.4 million -- up from $15.9 million for the corresponding first nine months of 2013, an SEC filing states. But net losses also grew dramatically, reaching an $86.7 million net loss for the first nine months of 2014, vs. a $48.4 million net loss in the first nine months of 2013.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access