Alteryx beats Q2 earnings and revenue estimates

Trending News ☀️

Alteryx ($NYSE:AYX) released their earnings for the second quarter and they beat both their earnings and revenue estimates. This is good news for Alteryx and their shareholders as it shows that the company is doing well. This could also lead to more investment in Alteryx as people see it as a stable company.

Market Reaction

Alteryx announced their second quarter earnings and revenue yesterday, and the news has been met with mixed reviews. The company’s stock opened at $48.0 today and has already risen 4.2% to $50.6. While some investors are pleased with the results, others are cautious about the company’s future prospects. Only time will tell how Alteryx fares in the months to come.

VI Analysis

The company’s fundamentals reflect its long term potential. The below analysis of ALTERYX is made simple by VI app. According to VI Risk Rating, ALTERYX is a high risk investment in terms of financial and business aspects. You may look at what are the business and financial areas presenting potential risks in our website.

Summary

The stock price was up 4.2% following the release of the earnings report. Alteryx reported strong growth in both its subscription and professional services businesses in the second quarter. The company also announced a new partnership with Tableau, which will integrate Alteryx’s data preparation and analytics capabilities into Tableau’s data visualization software.