Alteryx (AYX) Tops Q3 EPS by 34c, provides guidance

Alteryx (NYSE: AYX) reported Q3 EPS of $0.29, $0.34 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $232 million versus the consensus estimate of $210.19 million.

Financial Outlook

We provide the financial guidance below based on current market conditions and expectations. Our guidance is subject to various important cautionary factors described below. Based on information available as of November 6, 2023, guidance for the fourth quarter of 2023 and full year 2023 is as follows:

Fourth Quarter 2023 Guidance:

Revenue is expected to be in the range of $334 million to $340 million, representing year-over-year growth of 11% to 13%.
ARR is expected to be in the range of $942 million to $948 million, representing year-over-year growth of 13% to 14%.
Non-GAAP income from operations is expected to be in the range of $112 million to $118 million.
Non-GAAP net income per share is expected to be in the range of $1.10 to $1.17 based on approximately 77.2 million non-GAAP weighted-average diluted shares outstanding.

Full Year 2023 Guidance:

Revenue is expected to be in the range of $953 million to $959 million, representing year-over-year growth of 11% to 12%.
ARR is expected to be in the range of $942 million to $948 million, representing year-over-year growth of 13% to 14%.
Non-GAAP income from operations is expected to be in the range of $100 million to $106 million.
Non-GAAP net income per share is expected to be in the range of $0.94 to $1.01 based on approximately 76.5 million non-GAAP weighted-average diluted shares outstanding, and an effective tax rate of 20%.

For earnings history and earnings-related data on Alteryx (AYX) click here.

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