AYX - Alteryx trades high on reporting record Q4 ARR strong outlook

Alteryx (AYX +9.4%) trades high after its Q4 earnings and revenue (+8% Y/Y) beat estimates led by the largest increase in net new ARR; the company ended the quarter with $638M (+30% Y/Y). Q4 reported 7,936 customers, a 12% Y/Y increase with 247 net new customers added in Q4. It achieved a dollar-based net expansion rate of 119% for Q4. GAAP gross profit stood at $157.3M or gross margin of 90% compared to GAAP gross profit of $149.8M or gross margin of 93% in year ago quarter. Net loss stood at $37.5M or -$0.56 compared to GAAP net income of $22M or $0.32 in year ago quarter. Cash, equivalents and  short-term and long-term investments as of Dec.31, 2021 stood at $1B. Piper Sandler recently wrote that as public software deals may start to increase four small cap stocks that may become M&A targets include Alteryx, AvidXchange, On24 and UserTesting. In early January, Alteryx acquired Trifacta for $400M in

For further details see:

Alteryx trades high on reporting record Q4 ARR, strong outlook