AYX - Alteryx Ends a Great 2019 on a High Note and Remains in High-Growth Mode
The big data analytics industry had a momentous 2019. The burgeoning technology space was thrust into the spotlight early in the year with Google parent Alphabet and salesforce.com each making multi-billion dollar deals to acquire Looker and Tableau, respectively; there was the IPO of Datadog which has been off to the races since going public in the fall; and many firms enjoyed massive upside as cloud computing and digital transformation is putting data science in high demand.
One of the best performers of the year was Alteryx (NYSE: AYX). Shares are up nearly 900% since the dot-com-era software outfit went public in late 2017. Sales and earnings soared last year to support that run as new customers signed up to use the company's big data engine, and existing clients ramped up their use of the software. The pace of expansion is expected to ease up in 2020, but Alteryx's growth story is far from over.
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