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AYX - Cloud Stocks: Analysis Of Alteryx PaaS Strategy
Alteryx Inc. Class A
Data science and analytics platform provider Alteryx (AYX) early this month reported its second quarter results that beat analyst estimates. However, its disappointing outlook sent its stock sliding.
Alteryx's Financials
For the second quarter, Alteryx's revenue grew 17% to $96.2 million, beating analyst estimates of $93.8 million. GAAP gross profit was $86.6 million, or a GAAP gross margin of 90%, compared to GAAP gross profit of $72.7 million, or a GAAP gross margin of 89% a year ago. GAAP net loss was $(35.3) million compared to GAAP net loss of $(3.2) million a year ago.