Categories Earnings, Technology

Alteryx posts strong results in Q3, raises full-year outlook

Data analytics firm Alteryx (NYSE: AYX) reported a profit of 24 cents per share for the third quarter of 2019, compared to 18 cents per share it reported last year. The bottom-line was stronger than analysts’ projection of 9 cents per share.

Meanwhile, revenues of $103 million were 65% higher than the same quarter last year, and above the street estimate of $90.47 million.

alteryx acquisitions since IPO

The better-than-expected results sent the stock up 5% immediately following the announcement. This came as a breather to the stock that had tanked almost 37% since September, when it suffered declines that were part of a broader market sell-off.  In the 12 months leading up to the grand sell-off, the stock had registered a 147% growth.

Alteryx ended the quarter with 5,613 customers, a 30% increase from the third quarter of 2018, reflecting net new addition of 335 customers.

altery Q3 2019 earnings results

Dollar-based net expansion rate for the quarter stood at 132%.

Thanks to the increasing demand for self-service analytics solutions, the company has seen robust growth in customer additions, and boasts of an envious clientele among the Global 2000. Recently, the Irvine, California-based company had organized a data analysis event, Inspire US, which has helped reach out to a vast range of prospective clients.

READ: Understanding Apple (NASDAQ: AAPL) Q4 2019 earnings results through 4 charts

Outlook

Buoyed by the strong results, Alteryx raised its outlook for full year 2019. The company currently expects revenues for the year in the range of $389-392 million, compared to the previous estimate of $370-375 million. Outlook on adjusted net income was also raised to range of 57-60 cents per share, versus the prior estimate of 44-50 cents per share.

For the fourth quarter, the company expects revenue in the range of $128-131 million, representing 44-47% increase year-over-year. Adjusted net income for this period is projected in the range of 27-30 cents per share. The Q4 bottom-line expectation was, however, slightly lower than what the street had anticipated.

Alteryx operates in a high-growth data analytics industry and offers unique products that are accessible to both professionals and non-coders as well. The company has been witnessing rapid growth in revenues over the past few years, and most of these funds have been used for international expansion, product upgrades and acquisitions.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Reba Fleurantin
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Career services
  4. Pingback: Seattle University
  5. Pingback: regional
  6. Pingback: Ovens
  7. Pingback: Coursework
  8. Pingback: pannelli luci led
  9. Pingback: mur ninja warrior
  10. Pingback: ikaria juice
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: fiverrearn.com
  15. Pingback: flatbed broker
  16. Pingback: endopump buy
  17. Pingback: clima
  18. Pingback: fiverrearn.com
  19. Pingback: jute rugs
  20. Pingback: micro frenchies
  21. Pingback: bitcoin
  22. Pingback: swimsuit
  23. Pingback: future university
  24. Pingback: frenchie puppies
  25. Pingback: Fiverr.Com
  26. Pingback: lean manufacturing
  27. Pingback: FUE
  28. Pingback: FUE
  29. Pingback: Smooth transitions
  30. Pingback: Classic Books 500
  31. Pingback: FiverrEarn
  32. Pingback: FiverrEarn
  33. Pingback: Coach
  34. Pingback: Media
  35. Pingback: Porn Australia
  36. Pingback: partners
  37. Pingback: claritox
  38. Pingback: التحصينات
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: live sex cams
  42. Pingback: live sex cams
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: french bulldog
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: pearl
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: tea burn scam
  58. Pingback: cheap sex cams
  59. Pingback: fullersears.com
  60. Pingback: french bulldog buy
  61. Pingback: live sex cams
  62. Pingback: live sex cams
  63. Pingback: frt trigger
  64. Pingback: Derecho fiscal
  65. Pingback: 늑대닷컴
  66. Pingback: Bonus reload
  67. Pingback: superslot
  68. Pingback: allgame
  69. Pingback: 918kiss
  70. Pingback: หวย24
  71. Pingback: Eye cream
  72. Pingback: pg slot
  73. Pingback: AI Attorney
  74. Pingback: cybersécurité
  75. Pingback: duromine
  76. Pingback: sicarios madrid
  77. Pingback: itsMasum.Com
  78. Pingback: itsMasum.Com
  79. Pingback: itsMasum.Com
  80. Pingback: nang tanks

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top