Alteryx had a strong Q2 result, exceeding Wall Street expectations in terms of both, revenues as well as earnings. The company reported an ARR of $727 million, up 33% year over year, and revenue of $181 million, up 50% year over year. Alteryx’s renewal rates are at a multiyear high, and its pipeline generation is growing strongly year over year, which are signs of good demand trends. The present market climate resonates with its value-driven sales approach, and sales execution is still excellent. They also launched their revamped partner program, which benefits ecosystem growth and involvement on the ground. With a specific focus on facilitating scale with governance, Alteryx had a profitable quarter of innovation. The FIPS are aligned with a new version of Alteryx Designer that they recently released. This presents them with a sizable addressable potential in the public sector. Furthermore, their ELA strategy is gaining amazing momentum. The management believes ELAs offer a more adaptable way for both new and existing customers to use the Alteryx platform and explore more extensive solutions. Overall, we give the company a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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