Irvine-based Alteryx Inc. reported third quarter sales and operating profits that beat Wall Street expectations and provided modestly improved guidance for the current quarter.
The analytics software maker posted revenue of $34.2 million, up 52% from a year ago and topping analyst estimates of $32 million.
Alteryx trimmed its operating loss to $2.6 million versus $3.9 million in the third quarter of 2016.
Wall Street predicted a slightly wider losses.
The company ended the third quarter with 3,054 customers, a 49% jump from the same period a year earlier. It added 231 new customers last quarter.
Alteryx’ customers pay a subscription fee for its analytics software to integrate data, monetize content, forecast sales, map out retail expansion plans, and compare sales and product placement, among other features.
The company guided fourth-quarter sales in line with estimates and forecast a loss just below consensus.
It projects revenue in the range of $35.5 million to $36 million and an adjusted loss of $1 million to $2 million, or a per share loss of $0.02 to $0.03.
Alteryx began trading on the New York Stock Exchange, under the symbol “AYX,” on March 24, raising about $114 million in net proceeds from the IPO.
Alteryx (NYSE: AYX) reported after the close of regular trading. Investors welcomed the performance and guidance, sending up shares 4.1% to $22.75 in afterhours trading and a market value of about $1.28 billion. Alteryx is up about 55% from its March IPO of $14 per share.