Shares of Alteryx, Inc. (AYX), that operates in analytic process automation business, are up more than 20% Wednesday morning after reporting better-than-expected second-quarter results. The company's third-quarter outlook also stands above analysts' view.
Alteryx reported net loss of $106.8 million or $1.56 per share in the second quarter wider than $43.4 million or $0.65 per share loss in the same quarter a year ago.
Excluding one-time items, loss was $31.5 million or $0.46 per share, that beat the average estimate of analysts polled by Thomson-Reuters for $0.60 loss per share.
Revenue for the quarter was $180.6 million, an increase of 50% from $120.1 million last year
The company said its Annual Recurring Revenue was up 33% year-over-year to $727 million.
Outlook for the third quarter:Revenue is expected to be in the range of $191 million to $194 million, an year-over-year growth of 55% to 57%.
Adjusted net loss per share is expected to be in the range of $0.12-$0.09
Analysts expect the company to report loss of $0.18 per share on revenue of $173.67 million.
Full year outlook:
Revenue is expected to be in the range of $770 million to $780 million
Adjusted net loss per share is expected to be in the range of $0.56-$0.46.
The consensus estimate for net loss is $0.55 per share and for revenue is $733.25 million.
AYX is at $60.77 currently. It has traded in the range of $43.45 - $81.30 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.