After rallying to an all-time high ($123.06) yesterday, Alteryx (NYSE: AYX) reported its second quarter 2019 results after the bell today. The company reported a profit of 1 cent per share compared to the breakeven non-GAAP net income per share in the prior year quarter. Revenue surged 59% to $82 million. Alteryx stock rose about 4% in the extended trading hours.
Analysts had expected the data analytics firm to post a loss of 6 cents per share on revenue of $76.57 million.
GAAP net loss attributable to common stockholders was $3.2 million or $0.05 per share compared to a loss of $4.2 million or $0.07 per share in the second quarter of 2018.
“Our forward momentum continued in the second quarter highlighted by revenue growth of 59% year-over-year and net expansion rates of over 130% driven by both strong market tailwinds and solid execution,” said CEO Dean Stoecker.
For the third quarter of 2019, Alteryx expects revenue to be in the range of $88 million to $91 million, up 41% to 45% year-over-year. Non-GAAP net income per share is expected to be in the range of $0.06 to $0.09.
For full-year 2019, revenue is now expected to be in the range of $370 million to $375 million, an increase of 46% to 48% year-over-year. Non-GAAP net income per share is now expected to be in the range of $0.44 to $0.50.
Read: Cognizant’s Q2 earnings tops estimates; stock advances
Alteryx ended the second quarter of 2019 with 5,278 customers, a 34% increase from the second quarter of 2018. The company added 305 net new customers in the recently ended quarter.
After opening at $120.05 today, AYX stock turned to red in the afternoon session after Federal Reserve announced quarter-point rate cut.
Alteryx stock had surged 97% since the beginning of this year and 200% in the trailing 12 months.
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