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What happened
Shares of
Alteryx (NYSE:AYX) were moving backward last month as the data analytics company offered disappointing guidance for 2021 and, toward the end of the month, announced the sudden departure of its chief revenue officer, who had been hired only weeks earlier.
Image source: Getty Images.
As you can see from the chart below, the stock tumbled when Alteryx s earnings report came out and continued to decline through the rest of the month.
Alteryx Announces Fourth Quarter and Full Year 2020 Financial Results
Full Year 2020 Revenue of $495.3 million, up 19% Year-Over-Year
Annual Recurring Revenue of $492.6 million, up 32% Year-Over-Year
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IRVINE, Calif., Feb. 9, 2021 /PRNewswire/ Alteryx, Inc. (NYSE: AYX), revolutionizing business through data science and analytics, today announced financial results for its fourth quarter and full year ended December 31, 2020. We expect 2021 will be a year of transformation for Alteryx, said Mark Anderson, CEO of Alteryx, Inc. As our customers continue their transformation initiatives, we intend to scale our product, operations, and customer focus and deliver significant business value through the power of analytics and automation.