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Alteryx Sales up 59%; Shares Pop

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.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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