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 (AYX) was recognized as a Customers' Choice in the 2021 Gartner Peer Insights report for Data Science and Machine Learning Platforms, scoring an average of 4.6 out of 5 based on 112 reviews. This designation highlights Alteryx's strong customer satisfaction, particularly in its unified platform that supports data science and machine learning. Additionally, Alteryx is listed in Constellation Research's Q3 2021 ShortList for Self-Service Data Science. CEO Mark Anderson emphasized that this recognition reflects the platform's ease of use and delivers tangible ROI for customers.
UiPath reported second-quarter fiscal 2022 results, showcasing a remarkable 60% year-over-year growth in Annual Recurring Revenue (ARR), reaching $726.5 million. The company added $73.9 million in net new ARR, with a robust customer base of over 9,100 and a 144% dollar-based net retention rate. Revenue increased 40% to $195.5 million, supported by strong operational execution. The company anticipates fiscal third-quarter ARR between $796 million and $798 million, reflecting ongoing growth amid investments in its partner ecosystem and product integrations.
Alteryx, Inc. (NYSE: AYX) announced participation in two upcoming investor conferences. The company will present at the Piper Sandler Global Technology Conference on September 9 at 4:00 p.m. Eastern Time and the Citi 2021 Global Technology Conference on September 15 at 1:00 p.m. Eastern Time.
Both presentations will be webcast live, and a replay will be accessible on the company's investor relations website.
Alteryx, Inc. (NYSE: AYX), a leader in Analytics Automation, will present at the KeyBanc Technology Leadership Forum on August 9 at 12:00 p.m. Eastern Time. This live presentation will be accessible via webcast, with a replay available on their investor relations website for a limited time. Alteryx aims to transform data processes globally, enabling organizations to achieve significant business outcomes through its comprehensive analytics platform. For more details, visit their official website.
Alteryx, Inc. (NYSE: AYX) reported second-quarter 2021 results, with revenue increasing by 25% to $120.1 million from $96.2 million year-over-year. The company achieved a 27% growth in annual recurring revenue (ARR), reaching $547.6 million, and ended the quarter with 7,405 customers, a 10% increase. Despite this growth, Alteryx reported a GAAP net loss of $43.4 million, or $(0.65) per diluted share. Looking ahead, the company forecasts Q3 2021 revenue between $121.0 million and $124.0 million, and full-year revenue between $520.0 million and $530.0 million.
Alteryx (NYSE: AYX) announced on July 30, 2021, that it has achieved Elite Technology Partner status in the Snowflake Partner Network. This milestone signifies enhanced integration between Alteryx and Snowflake, enabling streamlined analytics automation for businesses. With this partnership, joint customers benefit from unified data preparation, analytics, and machine learning capabilities. Alteryx aims to address the global skills shortage by providing tools for knowledge workers and system integrators, fostering rapid digital transformation across industries.
Alteryx (NYSE: AYX) has announced an expansion of its partnership with PwC, becoming a "Global Elite Partner" to enhance analytics automation and digital transformation across the Asia-Pacific and EMEA regions. This alliance, initially formed in February 2020, focuses on upskilling and driving business outcomes in various industries including retail and finance. The partnership extends its reach into countries like Canada, Australia, Japan, and the UK, promoting significant growth and innovation opportunities for organizations globally.
Blue Prism and Alteryx have formed a strategic partnership to enhance data-driven process automation. This collaboration introduces a bi-directional integration, allowing Blue Prism developers to leverage Alteryx's analytic capabilities within their robotic process automation (RPA) workflows. A case study from a U.S. fast food chain highlights a dramatic reduction in tax processing time from 10 hours to just 10 seconds using this integrated solution. The partnership aims to accelerate digital transformation, enabling organizations to make smarter, faster decisions by seamlessly combining analytics and automation.
Alteryx, Inc. (NYSE: AYX) will report its second-quarter financial results on August 3, 2021, after U.S. market close. A conference call will be held the same day at 5 p.m. ET to discuss the results and future guidance. Investors can access the call via phone or a live webcast on Alteryx's investors page. A replay will be available until August 10, 2021. Alteryx is focused on analytics automation, enabling users to transform data effectively to drive business outcomes.
Alteryx, Inc. (NYSE: AYX) has entered a multi-year technology partnership with McLaren Racing to enhance the Formula 1 team's performance through analytics automation. This collaboration aims to refine data usage across various operations, including manufacturing optimization, race logistics, and fan engagement. Key benefits include streamlined data processes that reduce operational costs and increase efficiency. The Alteryx brand will be prominently displayed on McLaren's race cars and gear, amplifying its visibility in the racing world.
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