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 (NYSE: AYX) announced a deeper integration with Snowflake, enhancing cloud analytics and machine learning capabilities through Snowpark and Partner Connect. This collaboration enables organizations to leverage faster data processing and advanced analytics directly within the Snowflake Data Cloud. The partnership boasts over 500 joint customers and offers features such as high-performance data preparation and a scalable Alteryx-to-Snowflake data loader. Users can access Alteryx tools instantly through Snowflake, streamlining data science workflows.
Alteryx (NYSE: AYX) has formed a strategic alliance with KPMG to enhance data-driven business transformations. This partnership aims to modernize tax functions and facilitate automation across various sectors such as retail, healthcare, and insurance. KPMG, now an Alteryx Principal Alliance Partner, will leverage its expertise in data strategies alongside Alteryx's analytics capabilities to help organizations navigate their digital transformation journeys. This collaboration seeks to provide effective technology solutions for clients facing challenges in data and analytics.
Alteryx, Inc. (NYSE: AYX) will present at the BofA Securities 2021 Global Technology Conference on June 8 at 5:30 p.m. ET. The presentation will be webcast live, with a replay available for a limited time on Alteryx's investor relations website. Alteryx focuses on transforming data through its Analytics Automation platform, combining analytics, data science, and business process automation. The company aims to enhance digital transformation for organizations worldwide.
Alteryx (NYSE: AYX) launched the SparkED program, a global education initiative aimed at enhancing data analytics skills among learners of all levels. The program offers free software licenses, certification, and tailored learning paths for students and educators. With an increasing demand for data science skills, SparkED focuses on bridging the skills gap by providing resources that facilitate access to training and community support. The initiative has already seen integration into curricula at universities such as California State University, Fullerton, fostering job readiness among participants.
Alteryx (NYSE: AYX) announced new innovations in analytics, data science, and cloud solutions at its Virtual Global Inspire conference on May 19, 2021. The company launched Alteryx Machine Learning, an automated ML product, alongside Alteryx Designer Cloud and updates to its Designer product. These innovations aim to enhance the accessibility of data science for users, enabling them to produce valuable insights quickly. Notable partners like Snowflake and AWS joined to showcase collaborative solutions, highlighting the company's commitment to democratizing analytics and empowering users across various sectors.
Alteryx, Inc. (NYSE: AYX) announces the launch of Alteryx Ventures, a $50 million fund aimed at investing in innovative companies that enhance its analytics and data science products. The initiative aims to democratize data access and foster innovation in analytics automation. Alteryx Ventures will also support companies that create complementary solutions to the Alteryx APA Platform, which has already seen successful B2B applications across various sectors. This announcement coincides with the Global Inspire Conference featuring new innovations and 10,000+ attendees.
Alteryx, Inc. (NYSE: AYX), an analytics automation company, announced its participation in several investor conferences. Key events include:
- J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25 at 3:40 p.m. ET
- William Blair 41st Annual Growth Stock Conference on June 2 at 11:40 a.m. ET
- Cowen 49th Annual Technology, Media & Telecom Conference on June 3 at 2:30 p.m. ET
- BofA Securities 2021 Global Technology Conference on June 10 at 2:30 p.m. ET
All presentations will be webcast live and available for replay on the company's investor relations website.
Alteryx, Inc. (NYSE: AYX), a leader in analytics automation, has appointed Paula Hansen as chief revenue officer (CRO) effective May 10, 2021. Hansen, with over 25 years of experience, will oversee global sales and go-to-market initiatives, aiming to drive the company's growth. Previously, she led SAP Customer Experience's global sales strategy, achieving $1 billion in annual recurring revenue in 2020. CEO Mark Anderson praised her track record and commitment to customer transformation. Hansen aims to leverage Alteryx's market position to enhance analytics adoption among organizations worldwide.
Alteryx, Inc. (AYX) reported Q1 2021 results with revenue of $118.8 million, a 9% increase from $108.8 million in Q1 2020. GAAP gross profit reached $107.9 million with a gross margin of 91%, up from 88% YoY. However, GAAP net loss attributable to shareholders was $(40.7 million), or $(0.61) per diluted share, worsening from a loss of $(15.5 million) or $(0.24) per share in Q1 2020. The company ended Q1 with 7,214 customers, a 12% increase YoY, and a 27% rise in annual recurring revenue (ARR) to $512.7 million.
Alteryx, a leader in analytic process automation (APA™), announced an investor session during its annual user conference, Inspire 2021, to be held virtually from May 18-21, 2021. The session will take place on Tuesday, May 18, from 11:00 a.m. to 1:00 p.m. PT, featuring CEO Mark Anderson, CPO Suresh Vittal, and CFO Kevin Rubin. Investors can submit questions in advance to ayxanalystday2021@alteryx.com. The presentation will be webcast live and available for replay on their investor relations website.
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