Thread by @LatticeworkInv

's competitive advantage, per CEO

vs. competition

land and expand

thoughts on consolidation

per GS framework

data workflow per GS

Great Q overall.

I believe this is a gift from the market Gods. Exceptional Co. that is firing on all cylinders. Clearly, ASC 606 will slow Rev growth next year.

I am fully long! let's see what 2020/21 brings.

And when he found Alteryx, it was ❤️ at first sight

LT trend

Acct change to 606 is partly responsible for the big Rev beats. Revs up 75% to $156.5 (guide was $129.5)
- customers up 30% yoy and 8% seq.
- DBNE at a steady 130%
- TCV up 80
- 2019 Gaap FCF margin at 5%
- 2020 Rev guide above st

Good execution continues

The notion of a consolidated single data warehouse in our view is fiction. And so the more that you spread your data around different databases (diff warehouses, on-premise, cloud) it just makes it that much more elegant for the Alteryx platform to demonstrate its value

on the lack of cloud offering
- 37% of G2K customers have 0 data in the cloud
- That will change in the future
- when customers demand cloud we will be cloud

when Rev growth was accelerating LY b/c of 606, mgmt fed that narrative. This Q, more talk on ARR.

need consistency....that’s it.

+

We think, it creates another tailwind for us. What -- as a persistence layer, what they want is compute loads. We make it easy for people to get compute load efficiency in Snowflake