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Alteryx Beats Estimates, Shares Rise

Irvine’s Alteryx Inc. (Nyse: AYX) today reported third-quarter results that topped analysts’ expectations and the shares rose 2.7% in after-hours trading.

Revenue increased 65% to $103.4 million while adjusted profit was 24 cents a share for the three months ended Sept. 30. Analysts had expected revenue of $90.5 million and adjusted earnings of 9 cents per share, according to Yahoo! Finance.

The company said it ended the third quarter of 2019 with 5,613 customers, a 30% increase from the same three-month period of 2018. There were 335 net new customers in the third quarter of 2019.

Alteryx said it expects full-year revenue to be in the range of $389 million to $392 million, an increase of 53% to 55% year-over-year. Non-GAAP income from operations is now expected to be in the range of $50 million to $53 million, the company said.

After the results were released, Alteryx jumped as much as 5.9% per share to $96.14 per share in after-hours trading, briefly making up much of the losses incurred at the close of the day’s regular trading. The price later settled back to $94.27 a share for a 2.7% gain.

Alteryx’s software enables users to manipulate huge amounts of data to improve business performance.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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