AYX - Alteryx: The Market's Got It Wrong

2023-05-09 03:06:33 ET

Summary

• Alteryx recently released the results of its Q1 and provided guidance for the next quarter and the balance of 2023.
• The shares have imploded since then, losing 30% of their value.
• The company's Q1 was in-line in terms of revenues and bookings and a significant beat in terms of earnings and free cash flow.
• The company provided guidance for Q2 that was below the prior consensus in terms of revenues and earnings but was in line in terms of bookings.
• The company's full-year guidance was in line in terms of revenues and bookings and above consensus for earnings.

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