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