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Sunday, Aug 7, 2022
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Alteryx Q2 Revenue Beats Estimates, Shares Jump

Boosts annual revenue forecast to as much as 45% growth, up from 38%.

Irvine-based data analytics software maker Alteryx Inc. said second-quarter revenue jumped 50% to $180.6 million, beating analysts’ consensus estimate of $161 million.

Shares in Alteryx increased 12% to $56.52 apiece in after-hours trading for a market cap of $3.4 billion.

Alteryx reported its net loss widened to $106.8 million from $43.4 million in the same period a year earlier.

“With an expanding platform of cloud offerings, Alteryx is finding new ways to create incremental value for our growing customer base,” Alteryx CEO Mark Anderson said in a statement releasing the earnings.

The company forecast annual revenue would climb as much as 45% to $780 million, up from a May forecast of $36% to 38% growth. Analysts were projecting $734 million.

For further details and a look at the company’s new global headquarters, please see the Aug. 15 print edition

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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