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Alteryx (AYX) recently reported earnings and the market reaction was distinctly unhappy.
While the reported results were generally acceptable, it was the guidance that triggered the violent market reaction, with the stock price promptly selling off more than 35%.
Earnings Snapshot
Alteryx reported relatively good revenue growth in the circumstances. Q2 revenue increased some 17% year over year, noticeably slower than growth in Q1 and the rate of growth that Alteryx had seen throughout most of 2020.
What was of particular concern to investors was the guidance provided by Alteryx, not only for