Welcome to our dedicated page for Alteryx news (Ticker: AYX), a resource for investors and traders seeking the latest updates and insights on Alteryx stock.
Alteryx, Inc. (NYSE: AYX) is a trailblazer in the realm of analytics automation. Headquartered in Irvine, California, Alteryx offers an end-to-end analytics platform tailored for business analysts and data scientists. The platform is designed for self-service, enabling users to effortlessly click, drag, and drop to break data barriers and deliver critical insights.
Alteryx serves over 8,000 global customers, including leading enterprises, by empowering them to make intelligent, data-driven decisions. The company's solutions help clients tackle complex business problems by saving time on data preparation and blending, thus significantly enhancing productivity and job satisfaction.
Recent accomplishments include the announcement of a solid third quarter financial performance in 2023, exceeding growth and profitability expectations. This success is attributed to improved execution and cost discipline, alongside strong customer retention and commitment to Alteryx's Analytics Platform. The company is also making strides in its AI and machine learning initiatives with Alteryx AiDIN and an expanding portfolio of cloud-connected offerings.
In December 2023, Alteryx announced its acquisition by Clearlake Capital Group and Insight Partners for $4.4 billion, transitioning the company into a privately held entity. This move aims to provide increased capital and industry expertise to further Alteryx's mission of transforming data into actionable insights.
Additionally, Alteryx has launched Alteryx Public Sector to support U.S. governmental institutions in leveraging analytics for solving complex challenges. The new entity, led by Steve Harris, is poised to enhance analytics adoption across federal, state, local, tribal, and educational sectors.
Alteryx's strategic partnerships, such as the expanded collaboration with Databricks, aim to integrate AI-driven insights more seamlessly into business operations. This includes enabling faster implementation of analytics solutions, significantly reducing the time-to-insight for business users.
Alteryx is also dedicated to fostering future talent through its SparkED program, partnering with organizations like DataCamp and Women in Data to bridge the analytics skills gap and promote diversity in the field. These initiatives align with the growing demand for data capabilities and aim to equip the next generation with the skills needed to thrive in a data-driven world.
As Alteryx continues to innovate and expand, it remains committed to its core mission of democratizing data analytics, enabling enterprises to harness the full potential of their data to drive smarter, faster decision-making.
Alteryx, Inc. (NYSE: AYX), a leader in analytics automation, is set to present at the RBC Global Technology, Internet, Media and Telecom Conference on November 16, 2021, at 10:40 a.m. Eastern Time. The presentation will be available via live webcast and a replay can be accessed later on the company's investor relations website.
Alteryx focuses on enabling users to transform data effectively, promoting a unified platform for analytics, data science, and business process automation.
Alteryx, Inc. (AYX) reported third quarter 2021 results showing a 29% year-over-year increase in annual recurring revenue (ARR), totaling $578.6 million. However, total revenue declined by 5% year-over-year, down to $123.5 million. The company faced a GAAP net loss of $(58.0) million and a loss per share of $(0.86). Despite these challenges, Alteryx acquired Hyper Anna and Lore IO, enhancing its cloud and AI capabilities. For Q4 2021, revenue guidance is set between $163 million and $168 million.
Alteryx (NYSE: AYX) announced the appointment of CeCe Morken, President of Headspace Health, and Daniel J. Warmenhoven, former CEO of NetApp, to its board of directors, effective November 10, 2021. Both executives bring extensive experience that aligns with Alteryx's growth strategy. Morken’s background in AI and data analytics and Warmenhoven’s leadership in technology and growth at NetApp are expected to enhance Alteryx's strategic direction. They will replace Kimberly Alexy and John Bellizzi, who are stepping down. The leadership changes aim to strengthen Alteryx's position in the analytics industry.
Ryan has partnered with Alteryx, Inc. (NYSE: AYX) to enhance tax data transformation and automation solutions. This collaboration aims to help clients digitize and modernize tax processes, transforming manual workflows into automated systems. The partnership combines Alteryx's analytics and automation platform with Ryan's expertise in tax transformation. Both companies believe this alliance will deliver significant benefits, enabling clients to improve efficiency while adapting to changing tax workflows.
Alteryx (NYSE: AYX) announced its acquisition of Lore IO, a no-code AI-driven data modeling platform, aimed at enhancing analytics capabilities. This strategic move allows Alteryx to leverage Lore IO's expertise and technology to integrate cloud-native analytics into its offerings, such as Alteryx Designer Cloud and Machine Learning. The acquisition is expected to improve self-service insights for clients analyzing large datasets. Key executives highlighted that this integration aligns with Alteryx's innovation goals and will further simplify data management for enterprise users.
Alteryx, Inc. (NYSE: AYX) announced its Alter.Next virtual event, set for October 26, 2021 in the Americas, October 28 in APAC, and November 4 in EMEA. The event aims to guide business leaders on leveraging analytics automation to enhance digital transformation, featuring speakers like Mindy Kaling and Zak Brown. Key sessions will cover workforce upskilling and automation success stories from notable companies like The Home Depot and Herman Miller. For registration and more details, visit Alteryx's website.
Alteryx, Inc. (NYSE: AYX) announced that it will release its third quarter 2021 financial results on November 2, 2021, after U.S. markets close. A conference call to discuss these results will be hosted on the same day at 5 p.m. Eastern Time. Interested parties can access the call by dialing 877-407-9716 (domestic) or 201-493-6779 (international). A live webcast will also be available on the company's website, with a replay accessible until November 9, 2021.
Alteryx (NYSE: AYX) has acquired Sydney-based Hyper Anna, a cloud platform for AI-driven automated insights. This acquisition aims to enhance Alteryx's analytics capabilities, allowing users, regardless of technical expertise, to generate actionable insights from data. By combining their platforms, Alteryx and Hyper Anna intend to address the limitations of traditional BI dashboards, creating a more accessible analytics experience. This strategic move is expected to empower over 7,000 customers with improved insights, visualizations, and reporting features.
Alteryx (NYSE: AYX) and UiPath (NYSE: PATH) have expanded their strategic partnership with new integrations, enhancing analytics and robotic process automation (RPA). The partnership aims to unlock enterprise data value, accelerating digital transformation and improving business outcomes. A newly released connector allows users to seamlessly invoke UiPath bots within Alteryx workflows, optimizing data processes. The collaboration has previously enabled significant achievements, such as increasing unemployment benefits processing in Florida during the COVID-19 pandemic. Alteryx will showcase these advancements at the upcoming UiPath FORWARD IV conference.
Alteryx, Inc. (AYX) announced the successful launch of its SparkED education program, initiated in May 2021. The program attracts thousands of learners from almost 40 countries, providing free software licenses, teaching materials, and certifications. SparkED aims to bolster data analytics skills among students and career changers, preparing them for today’s job market where demand for analytics skills is increasing. Success stories from participants highlight job advancements and certifications gained through the program, showcasing its impact on career development.
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