Alteryx Stock Price, News & Analysis

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.

Sprinklr has announced significant leadership changes, with Manish Sarin appointed as the new Chief Financial Officer starting January 24, 2022. Sarin brings over 20 years of experience from Exabeam and Proofpoint. Eileen Schloss joins the board to enhance company culture. The transition includes Chris Lynch moving to an advisory role and Vivek Kundra, the COO, departing on February 12, 2022. Sprinklr has reiterated its financial guidance for the fourth quarter and full year fiscal 2022.

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 24^th 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.