Hortonworks hails open source's growing relevance to enterprises

Its partnership with IBM and commitment to the Apache Hadoop ecosystem ensured it made big gains in Q2

Hortonworks has praised the open source community for helping it achieve such positive revenue figures, with its work on the Hadoop distribution helping more vendors introduce an open source ecosystem to customers.

Thanks to growing interest among enterprise customers, the company signed ten deals worth over $1 million during the second quarter of 2017, compared to six similar deals during Q2 2016. 

The company also posted revenues of $61.8 million for the quarter - a 42% year-on-year increase. Its work with IBM to deliver data science and machine learning capabilities to a wider selection of developers using Apache Hadoop helped the company make significant gains in the open source sector.

“The second quarter of 2017 was a significant milestone for Hortonworks, as we set another record revenue target by growing revenue 42 percent year over year,” said Rob Bearden, CEO and chairman of the board of directors of Hortonworks.

“The team executed very well and was focused on meeting a set of challenging goals, including significantly expanding our partnership with IBM. We have gained momentum each quarter this year by growing our footprint with existing customers and adding key new enterprise customers. We are on track for our most productive year ever.”

Other highlights in Hortonworks' quarter included the introduction of its DataFlow 3.0 product, which allows businesses to stream analytics applications. Its flexible subscriptions for cloud and data centre support also contributed to its positive results for the second quarter.

Forrester has praised Hortonworks' role in the open source community, saying it works closely with partners across the enterprise data warehouse ecosystem of tools and vendors, ensuring it can provide a "cost-effective, nimble, and scalable architecture to implement big data warehouses, whether on-premises or in the cloud

"All of the technology built into the Hortonworks Data Platform (HDPTM) is an Apache open source project. Enterprises like Hortonworks’ storage and compute processing, broad data ingestion, data governance, and open source support when deploying BDW.”

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