February 25th, 2015
When the analysts pore over Hortonworks financial results this morning, company President Herb Cunitz thinks he knows what they will say. Some will note that the Hadoop distro provider beat the street. But others will say it missed the mark when it comes to revenues, as much of the tech press suggested yesterday.
“The street thought we’d come in at $13.5 million and we brought in $16.7 million,” he said.
So why are articles on the web at the moment suggesting that Hortonworks’ fourth quarter revenues were $12.7 million. Fuzzy math?
Not really. It might just be a difference between GAAP — the acronym for generally accepted accounting principles — and non-GAAP figures, said Cunitz.