Data analytics software maker Alteryx Inc. in Irvine reported first-quarter revenue of $157.9 million, up 33% from the same period a year ago and beating analysts’ estimates, while the net loss widened.
“We are well-positioned to continue driving democratization of data analytics for all in this massive market opportunity,” Chief Executive Mark Anderson said in announcing the results.
The net loss for the quarter was $105.6 million, compared to a net loss of $40.7 million for the first quarter of 2021.
The average of 15 analysts cited by Yahoo called for first-quarter revenue of $145.9 million.
Shares in Alteryx (NYSE: AYX) rose 2.5% to $66.50 apiece in after-hours trading following the earnings announcement.
For further details, please see the May 16 print edition of the Business Journal.