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) will report its fourth quarter and full year 2022 financial results after market close on February 9, 2023. A conference call will follow at 5 p.m. ET, where the company will discuss the results and provide financial guidance. Interested parties can access the call via phone or through a live webcast on their website. A replay of the call will be available until February 16, 2023. The company serves over 8,000 customers globally, offering an Analytics Automation Platform aimed at democratizing data analytics.
Alteryx (NYSE: AYX) has made a strategic investment in MANTA, enhancing data lineage capabilities for analytics automation. This investment aims to boost MANTA's product innovation and expand its market presence. The partnership is positioned to strengthen enterprise governance and compliance by providing complete visibility into data flows, enabling organizations to track data from origin to usage effectively. Both companies share a mutual goal of facilitating analytics adoption at scale, which is crucial for modern data management strategies.
The EY organization has formed an alliance with Alteryx, a leader in analytics automation, aimed at enhancing digital transformation for businesses. This partnership seeks to reduce data risks while improving process efficiency and effectiveness.
Through leveraging Alteryx's data analytics platform, clients will gain insights to optimize data-driven processes. Notably, EY boasts over 700 certified Alteryx implementers, promising extensive consulting capabilities across various sectors.
This collaboration positions organizations to better navigate the evolving business landscape by focusing on data automation and analytics.
Alteryx has significantly expanded its partner ecosystem and strengthened ties with Snowflake to enhance automated analytics. The updated partner program, launched in March, led to over 50% of annual contract value influenced by partnerships in Q3 2022, with technology partner business growing by more than 120% year-over-year. Alteryx's commitment includes better training and financial incentives for partners. The company is expanding globally with new partners in various regions, aiming to meet increasing demand for data insights.
Alteryx (NYSE: AYX) announced the Early Access of its new no-code Designer experience within the Alteryx Analytics Cloud, aimed at democratizing analytics across enterprises. This browser-based interface allows all users to build workflows using cloud data warehouses, enhancing accessibility and enabling faster insights. The platform features in-database processing and built-in scheduling for automated analytics. The initiative is part of Alteryx's commitment to making analytics simpler and more scalable, a sentiment echoed by major clients like Genomics England.
Alteryx (NYSE: AYX) has announced its participation in two key investor conferences. The Needham Big Data and Infrastructure Conference will be held on November 16 at 10:30 a.m. PT, followed by the Raymond James Technology Investors Conference on December 5 at 11:50 a.m. PT. Both presentations will be available via live webcast, with replays accessible for a limited time. Investors can find more details on the company's investor relations site.
Alteryx offers a robust Analytics Automation Platform, enhancing analytics across organizations.
Alteryx, Inc. (NYSE: AYX) reported robust Q3 2022 results, with revenue soaring 75% year-over-year to $215.7 million. The company achieved a net expansion rate of 121% and ended the quarter with $757.7 million in annual recurring revenue (ARR), a 31% increase. Despite a GAAP net loss of $(74.5) million, non-GAAP income improved to $5 million. Looking ahead, Q4 2022 revenue is forecasted at $276-$281 million, reflecting a growth of 59%-62%. Alteryx also raised its full-year revenue outlook to $830-$835 million.
Alteryx, Inc. (NYSE: AYX) announced significant advancements in cloud analytics and enterprise readiness at Inspire EMEA 2022. The new features enhance the Alteryx Analytics Cloud platform, making analytics accessible to all users, regardless of technical background. Key updates include Alteryx Machine Learning's support for non-data scientists, improved data processing speeds by up to 20x for Snowflake, and substantial performance enhancements for Google BigQuery, achieving 170x faster insights. The release also emphasizes enhanced security protocols, facilitating secure data access across organizations.
Alteryx, with ticker AYX, is set to release its third quarter 2022 financial results on November 1, 2022, after market closure. A conference call will follow at 5 p.m. ET to discuss the results and future guidance. Investors can listen to the call via telephone or a live webcast on the company’s website. This scheduled announcement comes amid increasing interest in analytics automation, as Alteryx supports over 8,000 customers globally with its platform for data analytics and machine learning.
BDO USA has significantly expanded its investment in Alteryx (NYSE: AYX) by enhancing its offerings through Alteryx Designer, Server, and Intelligence Suite. This move aims to improve client services and support BDO professionals in delivering timely insights and strategic data analysis. The investment is expected to help BDO address complex tax issues faced by clients, optimize tax departments, and elevate the role of tax leaders within organizations. Alteryx's automated analytics solutions will enable BDO to uncover potential tax risks and opportunities more efficiently.
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