AYX - Why Alteryx Is Focusing on Large Companies to Fuel Its Growth
Investors who were lucky enough to get in on the Alteryx (NYSE: AYX) IPO have seen more than a ten-fold return since the company went public in 2017. For investors who think they've missed the boat, they haven't. One measure of the opportunity ahead is that only 37% of the largest 2,000 companies across the globe are on its client list.
These large organizations are especially important for Alteryx's growth plans. To understand why, let's look at the challenges these companies face, how the company is helping address those challenges, and what this data analytics platform is doing to expand its Global 2000 (G2K) client list.
Big companies have big data problems: huge numbers of customers, numerous products, and many different departments. Let's look at a few specific cases to get a better picture of how Alteryx's tools can help.