AYX - Alteryx stock slumps after lower than expected guidance

Alteryx (NYSE:AYX) shares slide nearly 9% after hours following downside third-quarter guidance and a lowered full-year forecast. In the second quarter, Alteryx (AYX) topped top- and bottom-line estimates with $120.1M, up 25% year-over-year, and a $0.08 loss per share, which was $0.17 better than analysts expected. Annual recurring revenue was up 27% on the year to $548M. Adjusted gross margin was flat on the year at 91%. "Alteryx continues to make meaningful progress on our transformation journey as evidenced by our ARR growth of 27% this quarter," says CEO Mark Anderson. "We also see significant momentum with our go-to-market strategy under our new Chief Revenue Officer, Paula Hansen." For the third quarter, Alteryx (AYX) sees revenue of $121-124M, below the $146.48M consensus, and a loss per share of $0.18 to $0.21 compared to the $0.04 profit that analysts expected. The company now guides for full-year revenue of $520-530M, down from the prior

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Alteryx stock slumps after lower than expected guidance