Shares of Alteryx Inc. (AYX 0.10%) 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.