Alteryx Stock Price, News & Analysis

Alteryx, Inc. (AYX) reported third quarter 2021 results showing a 29% year-over-year increase in annual recurring revenue (ARR), totaling $578.6 million. However, total revenue declined by 5% year-over-year, down to $123.5 million. The company faced a GAAP net loss of $(58.0) million and a loss per share of $(0.86). Despite these challenges, Alteryx acquired Hyper Anna and Lore IO, enhancing its cloud and AI capabilities. For Q4 2021, revenue guidance is set between $163 million and $168 million.

Alteryx (NYSE: AYX) announced the appointment of CeCe Morken, President of Headspace Health, and Daniel J. Warmenhoven, former CEO of NetApp, to its board of directors, effective November 10, 2021. Both executives bring extensive experience that aligns with Alteryx's growth strategy. Morken’s background in AI and data analytics and Warmenhoven’s leadership in technology and growth at NetApp are expected to enhance Alteryx's strategic direction. They will replace Kimberly Alexy and John Bellizzi, who are stepping down. The leadership changes aim to strengthen Alteryx's position in the analytics industry.

Ryan has partnered with Alteryx, Inc. (NYSE: AYX) to enhance tax data transformation and automation solutions. This collaboration aims to help clients digitize and modernize tax processes, transforming manual workflows into automated systems. The partnership combines Alteryx's analytics and automation platform with Ryan's expertise in tax transformation. Both companies believe this alliance will deliver significant benefits, enabling clients to improve efficiency while adapting to changing tax workflows.

Alteryx (NYSE: AYX) announced its acquisition of Lore IO, a no-code AI-driven data modeling platform, aimed at enhancing analytics capabilities. This strategic move allows Alteryx to leverage Lore IO's expertise and technology to integrate cloud-native analytics into its offerings, such as Alteryx Designer Cloud and Machine Learning. The acquisition is expected to improve self-service insights for clients analyzing large datasets. Key executives highlighted that this integration aligns with Alteryx's innovation goals and will further simplify data management for enterprise users.

Alteryx, Inc. (NYSE: AYX) announced its Alter.Next virtual event, set for October 26, 2021 in the Americas, October 28 in APAC, and November 4 in EMEA. The event aims to guide business leaders on leveraging analytics automation to enhance digital transformation, featuring speakers like Mindy Kaling and Zak Brown. Key sessions will cover workforce upskilling and automation success stories from notable companies like The Home Depot and Herman Miller. For registration and more details, visit Alteryx's website.

Alteryx, Inc. (NYSE: AYX) announced that it will release its third quarter 2021 financial results on November 2, 2021, after U.S. markets close. A conference call to discuss these results will be hosted on the same day at 5 p.m. Eastern Time. Interested parties can access the call by dialing 877-407-9716 (domestic) or 201-493-6779 (international). A live webcast will also be available on the company's website, with a replay accessible until November 9, 2021.

Alteryx (NYSE: AYX) has acquired Sydney-based Hyper Anna, a cloud platform for AI-driven automated insights. This acquisition aims to enhance Alteryx's analytics capabilities, allowing users, regardless of technical expertise, to generate actionable insights from data. By combining their platforms, Alteryx and Hyper Anna intend to address the limitations of traditional BI dashboards, creating a more accessible analytics experience. This strategic move is expected to empower over 7,000 customers with improved insights, visualizations, and reporting features.

Alteryx (NYSE: AYX) and UiPath (NYSE: PATH) have expanded their strategic partnership with new integrations, enhancing analytics and robotic process automation (RPA). The partnership aims to unlock enterprise data value, accelerating digital transformation and improving business outcomes. A newly released connector allows users to seamlessly invoke UiPath bots within Alteryx workflows, optimizing data processes. The collaboration has previously enabled significant achievements, such as increasing unemployment benefits processing in Florida during the COVID-19 pandemic. Alteryx will showcase these advancements at the upcoming UiPath FORWARD IV conference.

Alteryx, Inc. (AYX) announced the successful launch of its SparkED education program, initiated in May 2021. The program attracts thousands of learners from almost 40 countries, providing free software licenses, teaching materials, and certifications. SparkED aims to bolster data analytics skills among students and career changers, preparing them for today’s job market where demand for analytics skills is increasing. Success stories from participants highlight job advancements and certifications gained through the program, showcasing its impact on career development.