BIG DATA
BIG DATA
BIG DATA
Alteryx shares soar on lower-than-expected net loss
Shares in Alteryx Inc. rose strongly in after-hours trading today after the data analytics software provider reported a smaller net loss than expected by analysts in its first-quarter earnings report.
For the quarter ended March 31, Alteryx reported revenue of $118.8 million, up 9% year-over-year. The company had a net loss of $40.7 million, or 61 cents a share, up from a loss of $15.5 million or 24 cents a share a year ago.
Alteryx sells extract/transform/load or ETL tools that are used to prepare companies’ data for analysis. Its platform offers baked-in connectivity to business intelligence tools such as Experian and Tableau, and features specialized capabilities such as data mining, data cleansing and geospatial analytics.
Highlights in the quarter include Alteryx increasing its customer base 12%, to 7,214 customers, a dollar-based net expansion rate based on annual contract value up 120% and annual recurring revenue of $512.7 million, up 27% year-over-year.
“Alteryx is off to a solid start to the year with first-quarter results ahead of expectations as we see our transformation efforts taking hold,” Mark Anderson, chief executive officer of Alteryx (pictured), said in a statement. “We are encouraged by industry tailwinds and are increasing investments in people and infrastructure to deliver relentless value for our customers.”
Looking forward, Alteryx is predicting revenue of between $111 million and $114 million in its second quarter and a loss before certain costs such as stock compensation of between $19 million to $22 million, or 24 cents to 27 cents per share.
Alteryx said for the full year, it’s now predicting revenue of between $565 million and $575 million. The company is also predicting that it could be profitable by the end of year, predicting a range of a loss of $5 million to a profit of $5 million, or seven cents per share loss or profit, on an adjusted basis.
Investors liked the numbers, and Alteryx shares surged as much as 14% in after-hours trading before settling up about 8% over the company’s share price at the close of regular trading.
Photo: NCI Agency
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
