Hortonworks losses deepen despite growth in subscription sales

Operating losses at Hadoop-flinger Hortonworks deepened to $64.3m (£49.3m), compared to a loss of $42.9m (£32.9m) during the second quarter last year. It's not looking good for Big Data. Revenue at the firm, however, increased by 46 per cent to $43.6m (£33.4m) for its second quarter of fiscal year 2016, compared with the same …

[Hollerithevo]

But of course

"But Herb is very focused and committed to becoming a CEO and he’s emerged into the skill set to be and prepared to do that."

Nothing says 'leadership potential' more than jumping ship when the going gets rough.

[Anonymous Coward]

@Hollerithevo Re: But of course

Herb wasn't a bad guy, and what Rob said was true. A lot of Presidents and COOs want to be the CEO. Especially in these Silicon Valley startups.

It could be that he had something else lined up like another startup still in stealth mode.

As to Hortonworks circling the drain... the issue is their business model.

Posted Anon for some obvious reasons.

[Anonymous Coward]

So, YoY revenue went up 46%...

And net losses increased 49%? So last year's revenue was higher quality than this year's?

Ouch! When do economies of scale start kicking in? Hortonworks sound like it needs a serious business redesign.