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) announced that its Annual Meeting of Stockholders will be held virtually on May 13, 2021, at 8:00 a.m. PT, due to the ongoing coronavirus pandemic. All stockholders as of March 19, 2021, can vote until May 12, 2021, at www.proxyvote.com. Participation requires a control number, which can be requested from brokers or nominees. Guests can attend without voting rights. Additional details are available in the supplemental proxy materials filed with the SEC on April 29, 2021.
Alteryx, Inc. (NYSE: AYX) has announced it will release its first quarter 2021 financial results on May 4, 2021, after U.S. market close. A conference call to discuss the results will follow at 5 p.m. ET on the same day. Interested parties can access the call by phone or via a live webcast on Alteryx's investor page. A replay of the call will be available until May 11, 2021. This announcement signifies the company's ongoing commitment to transparency and engagement with stakeholders regarding its financial performance.
On April 6, 2021, Alteryx (AYX) announced its upcoming annual conference, Inspire, scheduled for May 18-21. This virtual event will engage thousands of participants worldwide, focusing on challenges in analytics and data science. The theme, United We Solve, will feature discussions led by renowned experts like Fareed Zakaria and Dr. DJ Patil. Attendees can expect announcements of major innovations across analytics automation and a variety of product sessions aimed at enhancing business outcomes. For more details, visit inspire.alteryx.com.
Tech Data and Alteryx (NYSE: AYX) have formed a new partnership in North America, enhancing access to Alteryx's analytic process automation platform. This initiative aims to simplify analytics and data science for customers and accelerate digital transformation. With dedicated resources for Tech Data's partners, the partnership targets increased demand for self-service analytics. Key highlights include enhanced data preparation capabilities and improved productivity for users, aiming to optimize supply chains and automate processes.
Alteryx, Inc. (NYSE: AYX) announced the appointment of Anjali Joshi to its Board of Directors, effective March 5, 2021. Joshi, a technology executive with substantial experience at Google, has led product development across various key areas including Search and Maps. CEO Mark Anderson highlighted her expertise in product experience and automation as crucial for Alteryx's growth. Joshi expressed enthusiasm about contributing to Alteryx's vision of making analytics and data science accessible. She holds degrees from prestigious institutions including the Indian Institute of Technology and Stanford University.
Alteryx, Inc. (AYX), a leader in analytic process automation, will participate in two upcoming investor conferences. The JMP Technology Conference is scheduled for March 2 at 4:00 p.m. Eastern Time, and the Morgan Stanley Technology Media and Telecom Conference will take place on March 4 at 12:30 p.m. Eastern Time. Both presentations will be webcast live, with replays available on Alteryx's investor relations website. Alteryx provides an end-to-end platform that enables organizations to unify analytics, data science, and business process automation.
Alteryx, Inc. (NYSE: AYX) has appointed Suresh Vittal as Chief Product Officer, effective February 9, 2021. Reporting to CEO Mark Anderson, Vittal will oversee Product Management, Engineering, and Development. With over 20 years of experience, including a significant tenure at Adobe, he aims to enhance Alteryx's analytics and machine learning capabilities. Vittal's previous role involved transforming Adobe Experience Cloud into a SaaS product suite, demonstrating his strong software strategy and customer focus. His leadership is expected to drive innovation and democratize data science across enterprises.
Alteryx, Inc. (AYX) announced its Q4 and full-year 2020 financial results on February 9, 2021. Q4 revenue reached $160.5 million, up 3% year-over-year, with a GAAP gross margin of 93%. However, GAAP income from operations fell to $24.4 million from $38.7 million in Q4 2019. For the full year, revenue increased by 19% to $495.3 million, although GAAP net loss for 2020 was $(24.4) million. Looking ahead, Q1 2021 revenue guidance is between $104.0 million and $107.0 million with expected losses.
Alteryx, Inc. (NYSE: AYX) has been awarded CMX's 2021 Community of the Year for its Community Platform, reflecting significant growth and engagement. In 2020, the platform saw a 62% increase in registered users and over 50% in user engagement. The Alteryx Community launched several initiatives, including the ADAPT program that upskilled over 12,000 individuals globally, and the Data Science Portal for enhanced learning resources. This recognition underscores Alteryx's commitment to driving analytics and data science education.
Alteryx (NYSE: AYX) and HCL Technologies announced a global strategic alliance aimed at enhancing analytics automation and digital transformation for Global 2000 enterprises. HCL has become an Elite Alliance Partner, enabling acceleration of Alteryx's usage in cloud platforms like Amazon AWS and Microsoft Azure. The collaboration, initiated in 2020, will focus on citizen-led analytics, machine learning, and AI to drive business innovation. The partnership will include joint go-to-market activities and position HCL as a value-added reseller of Alteryx solutions.
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