Hortonworks, Inc. (NASDAQ:HDP) Q3 2018 Earnings Conference Call - Final Transcript

Nov 08, 2018 • 04:30 pm ET


Hortonworks, Inc. (NASDAQ:HDP) Q3 2018 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Q3 2018 Hortonworks, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, we will host a question-and-answer session and our instructions will be given at that time. (Operator Instructions) As a reminder, this conference call may be recorded.

It is now my pleasure to hand the conference over to Mr. Reuben Gallegos, VP, IR and Corporate Development. Sir, you may begin.

Reuben Gallegos

Good afternoon, and welcome to the Hortonworks' Third Quarter 2018 Earnings Call. Today we will provide a summary of the results announced in our press release issued after market close. With me are Rob Bearden, Chairman, President and CEO; and Scott Davidson, COO and CFO.

(Forward-Looking Cautionary Statements)

We will also present both GAAP and non-GAAP financial measures. Non-GAAP measures should not be considered in isolation from as a substitute for or superior to our GAAP results. We encourage you to consider all measures when analyzing Hortonworks' performance.

A reconciliation of GAAP to non-GAAP measures is included in today's press release. Please note that this quarter in consideration of the anticipated merger of Cloudera, we will not be hosting a question-and-answer session at the conclusion of our remarks.

So with that said, I will turn the call over to Rob.

Rob Bearden

Good afternoon, and thanks for joining our earnings call. For today's call, I will recap the business highlights from the third quarter, and Scott will take us through the financial results for the third quarter of 2018. It has been a very exciting time at Hortonworks in the market, from delivering industry-leading technology, to collaborating with key partners, to accelerate the ecosystem. This quarter, we took important steps to deliver innovations that better enable our customers to realize their goals of becoming data-driven businesses and adopting a hybrid architecture and we continue to see very strong seasonal demand finishing out the year.

In August, we announced innovations that enable customers to get operational and streaming insights in the data generated at the edge by enterprises more quickly. For example, Streams Messaging Manager or SMM, is the new open source operations monitoring and management tool that provides end-to-end visibility in enterprise Kafka environment. It allows operations, developers and security governance teams to gain clear insights about their Kafka clusters and understand the end-to-end flow of message streams. SMM is available to customers through the Hortonworks DataPlane Service, allowing for a single instance of SMM can manage multiple Kafka clusters and for a hybrid cloud deployment model.

In addition, the new release of HDF version 3.2 simplifies operations, deliver stronger integration and interoperability between HDF and HDP 3.0 and significantly increases performance for data invention and hybrid environments. Core improvements enhanced HDF performance, while delivering a single open source platform that integrates governance, security and management across the entire data lifecycle from the edge to analytics to real-time decisions.

And in September, we announced a new Open Hybrid Architecture