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 partnership with Snowflake to enhance data analytics and automation. This integration enables automated data pipelining and faster processing, significantly improving analytics outcomes. The partnership aims to cater to the rising global demand for analytics, providing a seamless user experience through a 30-day free trial. Alteryx's tools will leverage Snowflake's capabilities, offering scalable solutions for data scientists and business analysts. The companies are now recognized as Premier Partners within each other's partner programs.
Alteryx, Inc. (NYSE: AYX) will announce its fourth quarter and full year 2020 financial results on February 9, 2021, after market close. A conference call to discuss these results will take place on the same day at 5 p.m. ET. Investors can access the call by dialing 877-407-9716 (domestic) or 201-493-6779 (international), with a live webcast available on their website. Additionally, the company will present at the Needham Virtual Growth Conference on January 14 and the Goldman Sachs Technology Conference on February 11.
Alteryx, Inc. (AYX) announced the appointment of Dean Darwin as Chief Revenue Officer, replacing Scott Jones. Darwin will oversee global sales and go-to-market initiatives, reporting to CEO Mark Anderson. He brings extensive experience from Palo Alto Networks and F5 Networks, focusing on growth and strategic partnerships. The company also updated its revenue outlook, expecting Q4 2020 revenue between $155-$158 million, slightly above prior guidance. Full-year revenue is projected at $490-$493 million, reflecting strong year-over-year growth.
Alteryx, Inc. (NYSE: AYX) announced the appointment of Matthew Stauble as Chief Customer Officer (CCO), aiming to enhance customer success and support initiatives after the sale. His extensive experience includes leadership roles at Palo Alto Networks and Pensando Systems, where he contributed to significant growth. Additionally, Libby Duane Adams, co-founder, transitions to Chief Advocacy Officer to focus on customer upskilling and diversity efforts. The management changes highlight Alteryx's commitment to strengthen customer relationships and drive further growth.
Alteryx, Inc. (NYSE: AYX) announced its participation in several upcoming investor conferences, including:
- Piper Sandler Digital Awakening Day on November 10 at 2 p.m. ET
- Morgan Stanley Life After Covid Thematic Conference on November 11 at 1:30 p.m. ET
- Raymond James Technology Investors Conference on December 7 at 2:20 p.m. ET
Live webcasts will be available, with replays accessible on the investor relations website.
Alteryx, Inc. (AYX) reported strong Q3 2020 results with a revenue of $129.7 million, a 25% increase from Q3 2019's $103.4 million. GAAP net income reached $4.4 million, translating to $0.06 per diluted share. Non-GAAP net income was $27.1 million ($0.39 per diluted share). The company ended with 6,955 customers, up 24% year-over-year, and an annual recurring revenue (ARR) of $449.5 million, up 38%. Cash and investments totaled $982.5 million. Alteryx also formed alliances with Adobe and UiPath to push analytic process automation.
Alteryx, Inc. (NYSE: AYX) highlighted findings from a Forrester Consulting study on the critical convergence of analytics, data science, and process automation. The study reveals that 61% of businesses require self-service solutions for improved data analytics. Key takeaways include 65% of organizations fostering collaboration among data teams, 62% automating processes through integrated analytics, and 45% adopting an outcome-first methodology to achieve business goals. The need for digital transformation and workforce upskilling is emphasized, with the Alteryx Analytic Process Automation Platform positioned as a leading solution.
Alteryx (NYSE: AYX) has announced a strategic partnership with Adobe to enhance marketing analytics through the Adobe Exchange. This collaboration enables users to integrate and analyze data from Adobe Experience Cloud and other sources seamlessly. Alteryx’s Analytic Process Automation Platform™ aims to streamline analytics workflows for over 6,700 global companies. The introduction of the Marketing Analytics Starter Kit for Adobe promises to optimize reporting and analytics, improving marketing ROI and customer engagement.
Alteryx, Inc. (NYSE: AYX) announced it will release its third quarter 2020 financial results after U.S. markets close on November 5, 2020. A conference call will be held the same day at 5 p.m. ET to discuss these results and provide financial guidance. Interested parties can listen live via a webcast on the company's website. A replay of the call will be available until November 12, 2020. Alteryx is known for its analytic process automation platform, which supports digital transformation for various organizations globally.
Alteryx, Inc. (NYSE: AYX) announced Mark Anderson as the new CEO, succeeding co-founder Dean Stoecker, who becomes Executive Chairman. Anderson, with extensive experience in enterprise technology, aims to capitalize on the growing analytics market. Alteryx projects third-quarter revenues between $126.0 million and $128.0 million, reflecting a growth of 22% to 24% year-over-year, surpassing earlier guidance.
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