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AYX - Alteryx: A Major Beneficiary Of The Data Tsunami
Alteryx Inc. Class A
Recent results from Alteryx (AYX) suggested challenges for the business in navigating the current pandemic. The company not only pulled full-year guidance for the year, but the guidance that was given for Q2 suggested a fairly sharp and material slowdown from the revenue growth that the business delivered in Q1. Alteryx grew revenues in the previous quarter by almost 43% year on year, with strong growth and addition of enterprise customers, which increased almost 30% year over year. The fact that the company is indicating a sharp deceleration in revenue shouldn’t be