Data analytics software maker Alteryx Inc. in Irvine reported fourth-quarter revenue that easily beat analysts’ estimates while net loss for the period narrowed. The company’s shares rose 9% to $65.66 apiece in after-hours trading for a market value of about $4.2 billion.
Fourth-quarter revenue of $301.1 million was well above the analysts’ prediction of $279.3 million. Net loss for the period was $31.7 million compared with $37.5 million in the same period a year earlier.
“We closed the year with strong momentum and improving operating profitability,” said Mark Anderson, CEO of Alteryx, Inc.
The company said revenue for the first three months of this year is expected to be in the range of $198 million to $202 million, representing year-over-year growth of 25% to 28%.
For further details, see the Feb. 20 print edition of the Business Journal.