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.
On May 18, 2022, Alteryx (NYSE: AYX) announced its participation in two major upcoming investor conferences. The events include the J.P. Morgan Global Technology, Media and Communications Conference on May 23 at 11:30 a.m. PT, and the Bank of America Global Technology Conference on June 8 at 3:05 p.m. PT.
These presentations will be available via live webcast, and replays will be accessible for a limited time. More information can be found on the company's investor relations website.
Alteryx (NYSE: AYX) released findings from a YouGov study revealing a significant gap between leadership and workforce in analytics readiness. While 78% of executives recognize the importance of data skills for faster decision-making, 62% admit to underutilizing existing data. Only 12% of non-leadership employees feel empowered to use analytics effectively. To bridge this gap, Alteryx introduced the SparkED program, partnering with over 800 institutions globally to provide free analytics training. In addition, Nathalie Mainland has been appointed as the global head of SparkED to enhance the initiative’s impact.
Alteryx, Inc. (NYSE: AYX) has announced an upcoming investor session during its Alteryx Inspire 2022 conference, set to take place in Denver, CO from May 16-19. The session is scheduled for May 17 from 1:00 p.m. to 3:00 p.m. MT, featuring key executives including Chief Executive Officer Mark Anderson. A live webcast will be available on the company's Investors page. Interested investors can register for the session through the provided link.
Alteryx, Inc. (AYX) reported a 33% increase in first-quarter revenue, reaching $158 million, and a corresponding 33% growth in annual recurring revenue (ARR) to $684 million. The company experienced a GAAP net loss of $(105.6) million, compared to $(40.7) million in Q1 2021. Despite this, Alteryx's customer base grew to 8,195, with a net expansion rate of 119%. The company completed the acquisition of Trifacta Inc. and introduced the Alteryx Analytics Cloud. For Q2 2022, revenue guidance is set between $159 million and $162 million, with full-year revenue expected between $730 million and $740 million.
Alteryx, Inc. (NYSE: AYX) has announced its annual customer and partner conference, Alteryx Inspire 2022, scheduled for May 16-19 in Denver, CO. The event will feature prominent speakers such as Alexis Ohanian, Emma Gilmour, and Nate Silver, focusing on analytics and data-driven transformations. Attendees will learn from industry experts about leveraging Alteryx for organizational changes. PwC will serve as the Diamond Sponsor, showcasing how Alteryx analytics can enhance business transformation. Registration is open at alteryx.com/inspire.
Alteryx, Inc. (NYSE: AYX) announced it will report its first-quarter 2022 financial results on May 3, 2022, after market close. A conference call will take place at 5 p.m. Eastern Time to discuss the results, with access via phone and a live webcast available on the company's Investors page. A replay will also be available until May 10, 2022. Alteryx focuses on transforming data into actionable insights through analytics automation, serving organizations globally.
Alteryx (NYSE: AYX) has appointed Lucas Moody as Senior Vice President and Chief Information Security Officer (CISO), effective April 5, 2022. Moody, who has extensive experience in cybersecurity, will oversee the protection of data and assets, contributing to product innovation. Previously, he held significant roles at Twitter, Rubrik, and Palo Alto Networks. CEO Mark Anderson expressed excitement about Moody's proven track record in enhancing security while promoting business growth. Alteryx aims to leverage Moody's expertise to accelerate its cybersecurity growth and enhance the customer experience.
On March 25, 2022, Alteryx (NYSE: AYX) announced a strategic investment in Vertis, a market intelligence platform focused on talent and location strategies. This partnership aims to enhance enterprises' ability to visualize and analyze their workforce and real estate footprint. The investment will help Vertis scale to meet evolving market demands and support joint customers in their 'Future of Work' strategies. This collaboration highlights both companies' commitment to democratizing data and improving workforce analytics capabilities.
Alteryx has launched an updated partner program aimed at enhancing customer value and accelerating business transformation. This program supports diverse partner types, including solution providers and global system integrators. Key features include:
- Tiered Rewards: Partners receive progressive benefits as they achieve milestones.
- Training and Certification: New role-based training programs.
- Global Engagement Guidelines: Best practices to optimize partner performance.
With these changes, Alteryx aims to democratize analytics and strengthen relationships within its partner ecosystem.
Alteryx (NYSE: AYX), the Analytics Automation company, announced its participation in two investor conferences. The first is the JMP Securities Technology Conference on March 7 at 11:00 a.m. PST, followed by the Morgan Stanley Technology, Media & Telecom Conference on March 8 at 3:35 p.m. PST. Both presentations will be webcast live, with replays available on their investor relations website. Alteryx aims to empower users to transform data into actionable insights through its unified analytics platform.
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