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      Alteryx, Inc. (AYX) stock gained 8.41% during pre-market. Here’s why - Stocks Telegraph

      Alteryx, Inc. (AYX) stock gained 8.41% during pre-market. Here’s why - Stocks Telegraph

      By Mustafa Bin Tariq

      Published on

      February 16, 2022

      9:49 AM UTC

      Alteryx, Inc. (AYX) stock gained 8.41% during pre-market. Here’s why - Stocks Telegraph

      The stock of Alteryx Inc (AYX) closed the recent trading session at $52.19, gaining 1.34% from the previous trading session. AYX stock gained 8.41% to $56.58 during the pre-market. The company announced the results for its fourth financial quarter of the fiscal year 2021. Alteryx Inc also filed forms 8-K and S-8 with the SEC on February 15, 2022.

      Table of Contents

      AYX Financials

      On February 15, 2022, AYX announced the financial results for the fourth quarter of the financial year 2021, which ended on December 31, 2021. The main highlights of the quarterly report are

      • The company posted revenue of $173.8 million in Q4 of FY21 against $160.5 million in Q4 of FY20. The revenue increased by 8% from the same quarter of FY20.
      • Gross profit of AYX was $157.2 million in the fourth quarter of FY21 versus $149.7 million in Q4 of the fiscal year 2020.
      • Alteryx reported a net income of $37.5 million during Q4 of the fiscal year 2021 as compared to $22.0 million during Q4 of FY20.
      • Diluted loss per share was $0.56 during the fourth quarter of FY21 versus the earning per share of $0.32 in the same quarter of FY20.
      • Total operating expense of AYX was $184.1 in the Q4 of FY21 as compared to $125.4 million in Q4 of FY20.

      The annual recurring revenue (ARR) of the company increased by 30% YoY to $638 million in Q4 of FY21. AYX closed the financial quarter with a 12% increase in the customers to 7,936 customers.

      CEO Remarks

      The CEO of Alteryx Inc (AYX), Mark Anderson, said that there was the highest increase in annual recurring revenue (ARR) during the company’s history. He added that AYX closed the financial year 2021 on a high note. Mr. Anderson concluded that they start the financial year 2022 very much situated to keep on driving growth. AYX also intends to speed up its excursion to the cloud.

      About ATX

      Alteryx is a software organization with products that are utilized for data science and analytics. The software is intended to make progressed analytics available to any data worker. AYX has its headquarter in Irvine, California, United States of America (USA).

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