Shares of Alteryx Inc. (NYSE:AYX) jumped 10.4% on Wednesday after the data science and analytics software specialist announced strong third-quarter 2018 results.

More specifically, Alteryx's quarterly revenue climbed 59% year over year to $54.2 million, which translated to adjusted net income of $5.3 million, or $0.08 per share. Both the top and bottom lines arrived well above the company's guidance provided in August, which called for revenue of $49 million to $50 million, and an adjusted net loss per share of $0.04 to $0.06.

Multiple people analyzing data on a computer display


So what

Alteryx ended the quarter with 4,315 customers, up 41% year over year and including 375 net new customers in Q3 alone. The company also touted a dollar-based net revenue retention rate of 131%. 

Alteryx CEO Dean Stoecker added:

Alteryx continues to benefit from strong global demand for analytics. Our continued focus on our 2018 strategic imperatives resulted in strong third-quarter results. We intend to continue to invest in our organization to capitalize on industry tailwinds and build a foundation focused on relentless value for our customers.

Now what

For the fourth quarter, Alteryx sees revenue arriving in the range of $56.5 million to $57.5 million -- good for year-over-year growth of 47.7% at the midpoint -- which should translate to an adjusted net loss per share in the range of $0.02 to $0.03.

As such, Alteryx raised its full-year 2018 guidance to call for revenue of $200.5 million to $201.5 million (up from $191 million to $193 million previously), and an adjusted net loss per share of $0.03 to $0.05 (compared to its old outlook for a per-share loss of $0.24 to $0.27).

In the end, this was another straightforward beat-and-raise scenario from Alteryx, and the stock is understandably responding in kind.

Steve Symington has no position in any of the stocks mentioned. The Motley Fool recommends Alteryx. The Motley Fool has a disclosure policy.