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Hortonworks Q1 loss widens 60.2% YOY

Hortonworks Inc. said its normalized net income for the first quarter came to a loss of 78 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 67 cents per share.

The per-share loss widened 27.6% year over year from 61 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $40.5 million, compared with a loss of $25.3 million in the year-earlier period.

The normalized profit margin rose to negative 98.1% from negative 113.4% in the year-earlier period.

Total revenue rose 85.2% year over year to $41.3 million from $22.3 million, and total operating expenses rose 67.5% from the prior-year period to $105.9 million from $63.2 million.

Reported net income came to a loss of $65.8 million, or a loss of $1.26 per share, compared to a loss of $40.6 million, or a loss of 98 cents per share, in the year-earlier period.