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) launched the Alteryx Analytics Cloud, a unified analytics automation platform designed to democratize data analytics across enterprises. This platform enables users to access analytics via a browser, simplifying the extraction of insights with low-code/no-code capabilities. Key offerings include Designer Cloud, Machine Learning, and Auto Insights, empowering all employees to make data-driven decisions. Alteryx responds to companies' shift towards cloud solutions, addressing the challenge of unlocking data value.
Alteryx, Inc. (AYX) reported its Q4 and full-year 2021 financial results, achieving record net new ARR of $638 million, a 30% increase year-over-year. Q4 revenue rose 8% to $173.8 million, while gross profit was $157.3 million with a 90% gross margin. However, net loss for Q4 was $(37.5) million, translating to $(0.56) per diluted share. For 2022, Alteryx anticipates Q1 revenue between $144 million and $147 million and full-year revenue guidance of $710 million to $720 million.
Alteryx (NYSE: AYX) has successfully completed its acquisition of Trifacta, a cloud-first analytics company based in San Francisco. This strategic move positions Alteryx to offer a comprehensive, low code/no code analytics automation platform tailored for large enterprises. Trifacta's integration enhances Alteryx's capabilities, especially with cloud data warehouses and major public cloud providers, enabling increased flexibility in deployment options. The acquisition aligns with Alteryx's focus on enhancing its product offerings and expanding its customer base within the Global 2000.
Alteryx (AYX) released findings from an IDC Infobrief indicating 62.4 billion hours of data work are lost annually. Despite 70% of organizations wanting to be more data-driven post-pandemic, 95% face operational challenges. Legacy spreadsheets cause data workers to lose 800 hours yearly, with 61% relying on them. The report highlights skills gaps in 91% of organizations, particularly in advanced analytics. Alteryx's latest platform update aims to simplify analytics processes, enhance data connection management, and increase automation capabilities for better productivity.
Alteryx, Inc. (NYSE: AYX) announced key leadership changes to strengthen its go-to-market strategy amid its transition to a cloud-focused business model. Paula Hansen has been promoted to President and Chief Revenue Officer, responsible for sales, marketing, and customer success. Keith Pearce joins as Chief Marketing Officer, bringing extensive experience in cloud marketing. The company also confirmed that Scott Davidson will step down as Chief Operating Officer on March 16, 2022. These changes aim to enhance Alteryx's SaaS capabilities and drive growth in analytics automation.
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Alteryx (NYSE: AYX) will announce its Q4 and full year 2021 financial results after market close on February 15, 2022. A conference call to discuss these results and provide financial guidance will follow on the same day at 5 p.m. ET. Interested parties can join the call by dialing 877-407-9716 or tuning into the live webcast available on the company's Investors webpage. A replay will be available until February 22, 2022.
Alteryx, Inc. (NYSE: AYX) announced its definitive agreement to acquire Trifacta for $400 million in cash, enhancing its cloud capabilities and analytics offerings. This strategic acquisition aims to accelerate Alteryx's cloud journey and expand its market reach among Global 2000 enterprises. Trifacta's scalable data management and cloud-first approach will be integrated with Alteryx’s analytics platform, targeting new buyers in IT. Alteryx also provided an optimistic financial outlook for Q4 2021, expecting revenue to meet or exceed $168 million and annual recurring revenue of $635 million.
Alteryx, Inc. (NYSE: AYX) will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 3:30 p.m. Eastern Time. The presentation will be available via live webcast, with a replay accessible for a limited time on the investor relations website. Alteryx specializes in analytics automation, aiming to help users transform data into actionable insights. Their platform combines analytics, data science, and business process automation, facilitating digital transformation for organizations globally.
Alteryx has announced that its Analytic Process Automation Platform is now available in the AWS Marketplace, allowing customers to easily purchase and deploy their software on Amazon Web Services (AWS). This integration aims to streamline analytics processes and accelerate digital transformation for users. Alteryx customers can leverage the platform for faster data processing and analysis, empowering organizations to achieve better ROI through analytic automation. Over 310,000 active AWS Marketplace customers can now access Alteryx Designer and Alteryx Server under consolidated billing.
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