Alteryx, Inc. (NYSE:AYX) rose Thursday after the company reported upbeat Q3 results and issued strong FY18 outlook.
The Irvine, Calif.-based reported revenue of $54.2 million, an increase of 59% on a year-over-year basis.
GAAP gross profit for the third quarter of 2018 was $48.4 million, or a GAAP gross margin of 89%, an increase compared to GAAP gross profit of $28.7 million, or a GAAP gross margin of 84%, in the third quarter of 2017.
Non-GAAP gross profit for the third quarter of 2018 was $49.1 million, or a non-GAAP gross margin of 91%, an increase compared to non-GAAP gross profit of $29.3 million, or a non-GAAP gross margin of 86%, in the third quarter of 2017.
GAAP net loss attributable to common stockholders for the third quarter of 2018 was $(0.2) million, compared to a GAAP net loss attributable to common stockholders of $(3.3) million for the third quarter of 2017.
CEO Dean Stoecker said, "Alteryx continues to benefit from strong global demand for analytics.Our continued focus on our 2018 strategic imperatives resulted in strong third quarter results. We intend to continue to invest in our organization to capitalize on industry tailwinds and build a foundation focused on relentless value for our customers."
Alteryx claims to be “revolutionizing business through data science and analytics."
Shares acquired $3.55, or 6.1%, to $62.19 in mid-morning trade on Thursday.
