By Josh Beckerman
Alteryx shares fell 22% to $29.53 after hours as it reported second-quarter results and noted a “significant change in customer buying behavior” at the end of the quarter.
The data analytics software company’s revenue rose 4% to $188 million. It expects third-quarter revenue of $208 million to $212 million.
Its loss per share widened to $1.70 from $1.56.
Alteryx said it had healthy trends for renewals and expansion upsells at the time of renewal, but for expansion deals independent of renewal events saw a “significant divergence from historical conversion rates.” Several potential deals were delayed or smaller than expected.
Write to Josh Beckerman at [email protected]
Read the full article here
