Alteryx soars on second-quarter sales growth

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Alteryx Inc. AYX, +4.23% shares surged 12.3% in extended trading on Tuesday, lifted by the data analytics software company’s second-quarter sales growth. The company’s stock closed Tuesday’s session up 4.2% at $50.57. Alteryx’s second-quarter revenue was $180.6 million, an increase of 50%, compared to revenue of $120.1 million in the year-ago quarter. “Alteryx delivered an outstanding quarter with ARR growth of 33% year-over-year, driven by our continued success with large enterprise organizations,” said the company’s CEO Mark Anderson, in a statement. The software specialist reported a second-quarter net loss of $106.8 million, or a net loss of $1.56 a share, compared to a net loss of $43.4 million, or a net loss of 65 cents a share, in the prior year’s quarter. On an adjusted basis, Alteryx reported a net loss of $31.5 million and a net loss of 46 cents a share, compared to a net loss of $4.7 million or a net loss of 7 cents a share, in the same period last year. Analysts tracked by FactSet were looking for a net loss of 60 cents a share. Shares of Alteryx have declined 16.4% this year, compared to the S&P 500 Index’s SPX, -0.67% 14.2% fall.

This article was originally published by Marketwatch.com. Read the original article here.

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