Alteryx Inc (NYSE:AYX) raised its sales guidance for the third quarter and announced Mark Anderson as new CEO.
The Irvine, Calif.-based Alteryx, claiming to be “a leader in analytic process automation, announced that Mark Anderson, a current member of Alteryx’s Board of Directors, has been appointed to succeed Dean Stoecker. Anderson is a seasoned executive with a proven track record guiding enterprise technology organizations as they grow and scale, including as President of Palo Alto Networks.
Said one of his fellow directors, “Mark is an ideal leader for Alteryx at this time of great potential for our company. In addition to his knowledge of Alteryx, Mark brings the skills and expertise that we believe will enable us to capitalize on the massive market opportunities Dean helped create.
“We strongly believe Mark’s outstanding sales and go-to-market experience combined with Dean’s continued support as Executive Chairman is a winning combination that will accelerate significant growth and value creation.”
Alteryx currently expects that total revenue for the third quarter ended September 30, 2020 will be in the range of $126.0 million to $128.0 million, representing 22% to 24% year-over-year growth, ahead of the previously issued guidance of $111.0 million to $115.0 million.
This information is based on information available to Alteryx as of the date of this release and is subject to the completion of its quarterly financial closing procedures and review by Alteryx’s independent registered public accounting firm.
Alteryx expects to report its third-quarter 2020 financial results and host a conference call to discuss these results after the U.S. financial markets close on Thursday, November 5.
Alteryx shares opened Tuesday up $29.62, or 26%, to $143.50.