Irvine’s Alteryx Inc. today reported second quarter results that topped analysts’ expectations and the shares rose as much as 6% in after hours trading.
Sales climbed 59% to $82 million while adjusted profit was 1 cent a share. Analysts expected sales of $76.6 million and a six cent loss, according to Yahoo! Finance.
The company forecast third quarter sales of $88 million to $91 million and adjusted profit of 6 cents to 9 cents a share. The average estimate of analysts was for $87.5 million and a profit of 13 cents.
During regular trading before the release, shares fell 1.7% to $117.54 and a $7.4 billion market cap. The shares have almost tripled in the past year.
Alteryx’s software enables users to manipulate huge amounts of data to find insights such as the best locations for restaurants.
“We continue to be humbled and amazed by the innovative ways our customers are leveraging the Alteryx platform to transform their business in remarkable ways,” Alteryx Chief Executive Dean Stoecker said in a statement.