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 strategic investment in Fiddler, a leader in Model Performance Management (MPM), on April 13, 2023. This partnership aims to enhance Alteryx's Machine Learning capabilities within its Analytics Cloud Platform. The investment will allow joint customers to better operationalize enterprise-level machine learning pipelines, focusing on governance and ethical AI practices. Alteryx's vice president stated that this collaboration will facilitate faster and more effective business decisions through improved machine learning insights. The venture aligns with Alteryx's vision to democratize analytics and improve data-driven outcomes for a broad range of enterprises.
Alteryx, Inc. (NYSE: AYX) announced it will release its first quarter 2023 financial results on April 27, 2023, after U.S. market close. The company will host a conference call at 5 p.m. Eastern Time on the same day to discuss these results and provide financial guidance. Investors can access the call at 877-407-9716 or 201-493-6779 for international calls, and a live webcast will also be available on the company's Investors page. A replay of the call will be available until May 4, 2023. Alteryx provides an Analytics Automation Platform that facilitates data analytics for over 8,000 customers globally.
Alteryx (NYSE: AYX) has partnered with the Department of Defense's SkillBridge program to provide active-duty service members with essential data analytics training. This initiative is part of the Alteryx SparkED no-cost education program aimed at enhancing data literacy and analytics skills. The program offers participants hands-on training, a free Alteryx Designer license, and access to an interactive learning community. By 2025, demand for roles such as data analysts and AI specialists is expected to rise significantly, making this partnership particularly timely for transitioning service members.
Alteryx (NYSE: AYX) has launched its new initiative, Fanalytics, focusing on analytic insights in professional sports. The campaign highlights partnerships with sports organizations, including PGA Tour members like Martin Trainer and Michelle Wie West. The aim is to showcase the impact of data on sports performance and fan engagement. As part of Fanalytics, Alteryx is collaborating with Nate Silver of FiveThirtyEight to provide insights for basketball bracket predictions, capitalizing on the rising interest in sports analytics. The initiative positions Alteryx within a growing market, aiming to attract sports fans and businesses alike.
Alteryx announced the pricing of its offering of $450 million in senior unsecured notes due 2028, increased by $100 million from the original offering size. The offering, which will close on March 6, 2023, is conducted in a private setting exempt from Securities Act registration. Proceeds will be utilized for general corporate purposes, including potential repayment of convertible notes. The notes will be guaranteed by select subsidiaries, including Alteryx UK Ltd. It's important to note that these notes have not been registered under the Securities Act and are available only to qualified institutional buyers.
Alteryx, Inc. (NYSE: AYX) has launched its inaugural Alteryx SparkED Datathon series, partnering with McLaren Racing to enhance data literacy and address skills shortages. The initiative follows a successful event at the University of Texas at Dallas where 100 students participated. The SparkED program has expanded significantly, now involving 977 institutions and over 140,000 learners worldwide, an 87% increase year over year. This program aims to upskill individuals, especially amid economic challenges, preparing them for data-driven careers. McLaren's upcoming Datathon will provide students a unique opportunity to work with real-world data from the F1 team.
On February 28, 2023, Alteryx announced a proposed private offering of $350 million in aggregate principal amount of senior unsecured notes due 2028. This offering is exempt from registration under the Securities Act and will be sold to qualified institutional buyers. The proceeds will be used for general corporate purposes, which may include repurchasing or repaying outstanding convertible notes. The notes will not be registered, limiting their offering to certain institutional buyers and non-U.S. persons. Alteryx noted that the completion of this offering is subject to market conditions and investor demand.
Alteryx (NYSE: AYX) unveiled enhancements to its Alteryx Analytics Cloud Platform, introducing new self-service analytics capabilities aimed at improving decision-making for users across various skill levels. The upgrades include a redesigned Designer Cloud interface, Alteryx Auto Insights, and enhanced Machine Learning features, all while maintaining top-tier security and governance. A recent 2023 State of Cloud Analytics Report indicates that 80% of enterprises anticipate cloud analytics will be instrumental during economic challenges, with nearly 90% noting improved profitability. The platform’s certifications underscore its commitment to security and data management.
Alteryx reported its 2022 financial results, achieving full-year revenue of $855 million, a 60% increase year-over-year. The fourth quarter saw revenues rise to $301.1 million, up 73% from the previous year. Annual Recurring Revenue (ARR) reached $834 million, up 31% year-over-year. Despite these gains, the company experienced a GAAP net loss of $(318.5 million) for 2022, compared to $(179.7 million) in 2021. For 2023, Alteryx projects revenue between $980 million and $990 million, with growth expectations of 15% to 16%.
Alteryx, Inc. (NYSE: AYX) announced its 2022 Partner of the Year Awards on January 27, 2023, recognizing outstanding organizations that excel in democratizing analytics. Award winners include Capitalize Analytics as Global Partner of the Year, along with Amazon Web Services (Technology Partner), PwC (Systems Integrator), Data Meaning Services Group (North America), The Information Lab (Europe), Velocity Business Solutions (Asia), Nordica Distribuidora (Latin America), and Ejada Systems (Middle East and Africa). Alteryx focuses on empowering over 8,000 global customers with its Analytics Automation Platform, enabling data-driven insights across industries.
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