Good afternoon, and welcome to the Alteryx third quarter 2022 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal for a conference specialist by pressing star and then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your telephone keypad. To withdraw your question, please press star and then two. Please, may I ask that you only ask one question. Please note that this event is being recorded. I'd now like to turn the conference over to Mr. Ryan Goodman, Head of Investor Relations. Please go ahead. Thank you, operator. Good afternoon, and thank you for joining us today for Alteryx's third quarter 2022 earnings conference call. I'm Ryan Goodman, Alteryx's Head of Investor Relations. With me on the call today are Mark Anderson, Chief Executive Officer, and Kevin Rubin, Chief Financial Officer. Additionally, Paula Hansen, our President and Chief Revenue Officer, and Suresh Vittal, our Chief Product Officer, will be joining us for the question-and-answer session after prepared remarks. This afternoon, we issued a press release announcing our results for the third quarter ended September 30, 2022. If you would like a copy of the release, you can access it online on our investor relations website. During this call, we will make forward-looking statements related to our business, including statements about our financial guidance for the fourth quarter and full year 2022. These statements are not guarantees of future performance. They are subject to a variety of risks and uncertainties, some of which are beyond our control. Our actual results could differ materially from expectations reflected in any forward-looking statement. For a discussion of additional forward-looking statements made during this call and the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC's website and our investor relations website, as well as the risks and other important factors discussed in today's earnings release. Additionally, non-GAAP financial metrics will be discussed on today's call. A reconciliation of these measures to their most directly comparable GAAP financial measures can be found in today's earnings release. With that, I'd like to turn the call over to Chief Executive Officer Mark Anderson. Thank you, Ryan, and thank you all for joining us on the call today. We continue to execute at a high level in Q3 and are seeing more and more companies embrace data analytics across their organizations. Our Q3 revenue of $216 million, up 75% year-over-year, came in above our guided range. This drove a non-GAAP operating profit, also beating guidance. Our annual recurring revenue or ARR came in at $758 million, up 31% year-over-year. Like many global businesses, we saw a meaningful currency headwind in Q3. Normalizing for this $12 million impact, ARR would have been handily above our guided range and up 33% year-over-year. We are tracking well across our key performance metrics. Sales productivity continued to improve year-over-year. Renewal rates held near multi-year highs, and our net expansion rate improved for the second straight quarter to 121%. Our value-based go-to-market motion continues to resonate in this market environment, and our results demonstrate the strong execution across a meaningfully up-leveled sales force. In fact, we closed our largest new logo ACV deal ever in Q3. We are pleased with our Q3 results. While we are mindful of the macroeconomic dynamics and challenges facing many companies, we are fortunate to see data analytics continue to be a top budget priority. Companies are pushing ahead with multi-year digital transformation projects to improve decision intelligence and decision automation. Every business and government needs to run a tighter ship, predict how inflation will affect their environments, and make better data-driven decisions faster. A recent IDC survey indicated that over 70% of organizations plan to spend more on analytics than other software investments in the next 12 months-18 months. It's not just about buying additional tools. It's about empowering knowledge workers with data analytic capabilities. The study found that enterprises have deployed solutions in less than half of the departments that actually need them. Less than half of the nearly all respondents' knowledge workers are actively using any analytic software. These companies need a platform that enables them to empower business users across the organization to incorporate data analytics into everything that they do. This is what we refer to as democratization of analytics. We are humbled to find ourselves in a unique position to help our customers embrace data analytics. We also take great pride in the fact that our favorable market position today is the result of the strategic initiatives we've put in place over the past two years. We've established a forward-looking Alteryx Analytics Cloud platform innovation roadmap. We've designed our go-to-market to better deliver value to our customers. We've updated our partner program and expanded our partner ecosystem, and we've invested in our customer success organization to help customers achieve desired business outcomes. We take nothing for granted. We are fully aware of the economic environment out there, and we are effectively executing through an elevated level of deal scrutiny as customers demonstrate greater spending discipline. I'm so proud of the team for their commitment to these initiatives that have enabled us to deliver another strong quarter. Let me share a few highlights from the quarter. We hosted our Inspire EMEA user conference in Amsterdam last month with over 1,300 attendees from nearly 30 countries. I was there and witnessed the incredible energy and excitement in the general sessions, workshops, training, and so much more. To me, this demonstrates how data analytics is happening in these times and on a global scale. Our Global 2000 penetration increased to 46%, up 7 points from this time last year as top brands across the globe are aligning with Alteryx on their digital transformation journeys. We won two $1 million+ deals that deeply incorporate Alteryx Analytics Cloud. One of which leveraged our new Cloud ELA bundle. Cloud momentum is picking up with multiple wins for use cases across the Alteryx Analytics Cloud platform. We achieved a major milestone on the cloud innovation roadmap with Alteryx Machine Learning now being integrated on the Alteryx Analytics Cloud platform. Finally, we further scaled our governance capabilities with a new version of Server aligned with Federal Information Processing Standards, or FIPS. Our strong execution, rapid innovation, and all of our successes ultimately comes back to our people. I'm pleased to share that our employee retention rate remains at a multiyear high. We are executing well across all of our key strategic initiatives. We are particularly excited about early successes in cloud. As we gain traction with larger enterprise customers, the Alteryx Analytics Cloud platform is unlocking incremental opportunities for us with more personas and new use cases. We won two seven-figure deals during the quarter with a significant cloud element, one of which was with a Fortune 100 auto manufacturer. This multiyear Alteryx customer not only meaningfully expanded its Designer and Server license count, but also signed on for several thousand Designer Cloud licenses to enable cloud-native access to data in Google BigQuery. In addition, by leveraging a cloud ELA, this customer can engage with machine learning and Auto Insights as they move forward with cloud transformation. We had another significant cloud win with a global management consulting firm. This company leverages Alteryx Designer to empower its consultants in their work with their customers, as well as in its own back-office operations. In Q3, they significantly expanded their multi-thousand user license agreement with more Designer seats as well as cloud. Designer Cloud will provide this customer with greater flexibility and agility in expanding their usage of Alteryx in coming years. The list goes on. Genomics England, a U.K.-based healthcare organization that was already using Trifacta, adopted a Cloud ELA to expand usage of Designer Cloud and explore potential use cases with machine learning and Auto Insights. A leading entertainment and media company adopted Auto Insights to optimize contact center operations. A very well-known social media company adopted Auto Insights to enhance analytics on tax data. The early momentum is great to see, and it's a reflection of the platform innovation, market demand, sales execution, and value that customers find in our solutions. On that note, with Alteryx Machine Learning now available on the Alteryx Analytics Cloud platform, we are accelerating our multi-tenant, multi-cloud architecture. This was a key strategic driver for the Trifacta acquisition earlier this year, and we're excited to achieve milestone after milestone. New innovation is resonating within our community. Suresh highlighted several newer offerings at Inspire EMEA, including Metric Store, App Builder, and Location Intelligence. We are seeing positive early feedback and expect all of these to be available next year as part of our cloud platform. As for our flagship solutions, governance continues to be a key focus for us. As I mentioned earlier, following our Q2 launch of Designer-FIPS, we introduced Server-FIPS in Q3. This expands on our commitment to best-in-class governance capabilities and enhances our ability to win new opportunities in the public sector. We have the most comprehensive, differentiated platform of solutions in the company's history, and the timing could not be better, as our increasing traction with larger organizations is creating a broad range of incremental opportunities. To that end, we secured approximately $51 million+ ACV wins over the last 12 months, bringing us now to over $101 million+ customers. Our executive-level sales approach is driving more productive engagement with our customers and validating that data analytics is a current spending priority. Our customer success initiatives, such as delivery of hundreds of use cases and solution blueprints, are driving scalable and repeatable outcomes in which customers can deliver higher ROI. Our ELA construct is garnering favorable customer response, as evidenced by roughly doubling our ELA business year-over-year in Q3. Additionally, we saw customers with burst capacity renew and upsell to a higher ELA tier. This gives us confidence that our 2022 ELA success will offer more predictable and actionable upsell opportunities in 2023 and beyond. A great example that demonstrates how all these initiatives come together was a Q3 win with one of the largest U.S.-based airlines. This customer was one of our first ELA wins last year. Our customer success team engaged with a regular cadence of enablement programs, exploring incremental opportunities to deploy data analytics across the enterprise. This simply would not have been possible with the sales motion focused on a single line of business. We found new, unique opportunities to create value, such as optimization of aircraft maintenance schedules and audits on service logistics. After fully exhausting its first capacity earlier this year, this customer signed on for a new ELA in Q3 that was more than double the original capacity, increasing the total ACV to well over $1 million. Our customer success team has done a fantastic job in creating value for our customers and, of course, earning upsell opportunities for Alteryx. This becomes even more important as we continue to win with large enterprise customers that offer significant long-term expansion opportunities. We're also seeing strong success with our ability to sign new logo wins. In addition to one of our largest new logo wins in the history of the company, we're establishing many new customer relationships with companies as they continue on their digital transformation journey. For example, Okta, a leading independent identity provider, adopted Alteryx Designer and Server to automate data analytics in both the sales operations and finance organizations. One of the largest food and drug retailers in the United States adopted Alteryx Designer to run geospatial analysis and enhance their store placement decision process. I'd also like to take a moment to highlight our growing partner ecosystem. This has been a huge focus for Alteryx over the past year as we see partners as a means to both efficiently scale our go-to-market reach, as well as enhance our customer success efforts. Since updating the partner program earlier this year, we are seeing positive trends, with partners influencing over half of the new ACV wins in Q3. We continue to expand our ecosystem with new partnerships and increased partner engagement momentum. We had a great partner win at Truist, a top 10 U.S. commercial bank. We leveraged our partnership with Thomson Reuters to help engage closely with the customer through a steady cadence of workshops and training sessions. This allowed us to identify a breadth of incremental use cases in finance and tax, ultimately resulting in the customer increasing its license count by approximately 300%. In closing, we are pleased with our execution in Q3. We are appreciative of the favorable position we find ourselves in and are increasingly confident in the strategic direction of this company. We are very focused on managing our business to balance the growth opportunity we feel exists in this very important market with the requisite discipline and rigor on spending to optimize profitability in 2023 and beyond. I'd like to thank the entire Alteryx team for their fantastic work. With that, I'll turn the call over to Kevin for a closer look at the financials. Kevin? Thanks, Mark. Q3 was a strong financial quarter across the board. Our growing traction with large enterprise customers and our disciplined investment philosophy is evident in our results. ARR of $758 million grew 31% year-over-year. Excluding a $12 million currency headwind versus what we assumed in our guidance, ARR would have been 33% year-over-year, two points of growth higher and above the high end of our guided range. As a reminder, we provided our Q3 guidance in August. We incorporated exchange rates at the then current levels. Since then, the British pound declined 9%, the euro declined 4%, and dynamics have been similar with other currencies. Because we adjust our entire ARR using end-of-quarter rates with approximately 20% of our ARR denominated in foreign currency, FX can have a meaningful impact on ARR in times of higher volatility, like we saw towards the end of September. Revenue of $216 million grew 75% year-over-year, exceeding the high end of our guided range, benefiting from better than expected bookings and robust renewal rates. With the revenue upside and our disciplined spending mindset, the business delivered a non-GAAP operating profit of $5 million, which is $10 million better than the high end of our guided range. Over the past several quarters, we've communicated our intent to increase traction with larger organizations given a higher customer lifetime value. This quarter, I hosted our first Alteryx CFO event in New York for dozens of CFOs and senior financial leaders from Global 2000 companies. These financial leaders face the challenge of balancing cost optimization with selective investments in their business. The common theme across these leaders was that upskilling workforces with data analytics and digital transformation initiatives were top priorities to create operational agility and further enabling data-driven decisions to drive long-term ROI and shareholder value. We had a great response to the event, and I look forward to hosting more in the future, as we find that democratization of analytics often begins in the office of finance of large companies. As part of our strategic enterprise go-to-market motion, we've invested in our sales force, our partner ecosystem, our customer success team, and our product roadmap. We are pleased to see clear evidence in our results that these investments are effectively driving forward this initiative. We are seeing our strongest ARR growth with our $1 million+ ARR customer cohort, with over 10 points of acceleration in growth versus Q3 of last year. Our average deal size saw 30%+ year-over-year growth with both new logo and expansion wins. Our average ARR per customer continues to see strong sequential and year-over-year growth, coming in at $91,000 in Q3. On the ELA front, we continue to see strong momentum, closing approximately as many ELA deals in Q3 as the entire first half of this year. This positive momentum with large enterprise companies is driving favorable dynamics in our financials. First, as our larger customer cohort has our highest retention rate, we are seeing renewal rates near multiyear highs and up significantly year- over- year. Moreover, our average ARR per customer is more than 4x the average size of customers that churned this quarter. Second, as we are identifying and winning a breadth of opportunities within larger customers, we are seeing sequential improvements in our net expansion rate of 121% and a Global 2000 net expansion rate of 129%. Third, with an expanding portfolio of cloud solutions, we're better equipped than ever to meet the growing demand for data analytics throughout the organization. In fact, more than half of our early cloud ACV bookings was with our $1 million+ customers. We are pleased to see the resilience in the growth dynamics of our business. Moreover, the true earnings power of our financial model is becoming increasingly evident in the numbers. In Q3, we captured over $10 million of upside to our non-GAAP operating profit guidance, with approximately 50% of the revenue upside following through to the operating level. Salesforce productivity was a key driver to profitability, with sales and marketing as a percentage of revenue improving by 10 points versus Q2. We benefited from both higher productivity year-over-year and increased number of ramped reps. Looking ahead, we are committed to a disciplined investment philosophy as we strive to unlock further leverage in our model. We're also focused on ensuring our pace of investments is appropriately aligned with the current market dynamics. For example, our high level of employee retention enabled us to temper our hiring in Q3. With growing ranks of fully ramped reps and improved productivity, we expect to further moderate hiring in coming quarters. In addition, with an increasingly distributed workforce, we are evaluating and implementing the future of work at Alteryx and plan to execute a real estate rationalization initiative in Q4. In summary, we are pleased with the Q3 results in which we demonstrated durable, profitable growth driven by strong execution and saw continued evidence that data and analytics remains a top spend priority for business leaders across the globe. In addition, we are confident in the incremental growth drivers ahead in 2023. First, we expect to have a meaningfully larger renewal base relative to 2022, which consists of both 2023-year renewals and the increasing cohort of one-year renewals. Second, we have a growing book of ELAs with burst capacity, creating upsell opportunities for large enterprise customers with high visibility in coming quarters. Third, we have a growing international presence with significant opportunity to further expand. Fourth, we have an expanding ecosystem of partners to accelerate our global market reach. Last but not least, we have our Alteryx Analytics Cloud, which we expect will continue to build momentum and increasingly become more meaningful to the financials next year and beyond. With the strategic investments we've made in recent years, coupled with our disciplined operational rigor, the business is well aligned to demonstrate improving profitability. As for the Q4 2022 outlook, we expect ARR to be in the range of $820 million-$825 million, representing year-over-year growth of 29%. Keep in mind, we experienced a $12 million FX headwind to Q3 that I mentioned earlier, and excluding this headwind, we beat Q3 by $7 million. This guidance reflects a $2 million+ raise versus our prior implied Q4 outlook. Our guidance assumes FX rates remain at current levels. We've provided additional color in the Q3 earnings deck available on our investor relations website. We expect GAAP revenue to be in the range of $276 million-$281 million, representing year-over-year growth of 59%-62%. This also assumes FX rates at current levels and assumes no material change in contract duration. We expect our non-GAAP operating profit to be in the range of $50 million-$55 million, and we expect non-GAAP net profit per share to be in the range of $0.48-$0.53. This assumes 76.7 million weighted average shares outstanding and an effective tax rate of 20%. For the full year of 2022, we are increasing our GAAP revenue range to $830 million-$835 million, representing year-over-year growth of 55%-56%. This is up from the prior growth range of 44%-45%. We expect non-GAAP operating profit to be -$5 million to break even, an improvement from our prior outlook for a loss of $30 million-$20 million. Finally, we expect non-GAAP loss per share to be in the range of $0.37-$0.32, an improvement from the prior outlook for $0.56-$0.46. This assumes 68.5 million basic shares outstanding and an effective tax rate of 20%. In closing, Q3 was a great quarter. The durable growth trends continue to validate the go-to-market and innovation investments we've made over the past couple of years, and our disciplined approach to spending is increasingly apparent in our improving profitability. While we are certainly mindful of the macro environment and proceeding with a high level of rigor, we are confident in our ability to close out the year with strong momentum, and we believe we are well on our way to becoming a $1 billion+ ARR company. With that, thank you all for joining us today, and I'll turn the call back to the operator. Thank you very much. We will now begin the question- and- answer session. To ask a question, you may press star and then one on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the star keys. If at any time your question has been addressed and you would like to withdraw your question, please press star and then two. Please, may I ask that you only ask one question. At this time, we will pause momentarily to assemble the questions. The first question comes from Derrick Wood from Cowen. Please proceed with your question, Derrick. Congrats on a solid quarter, everybody. Maybe just to kind of drill down on the macro a little bit. I mean, have you seen much change in sales cycle or buying behavior out there when you look across geographies or verticals? You know, what's the tone of demand and budget priority for analytics? I guess just how are you feeling about your sales force's ability to navigate some of the macro dynamics, particularly as you enter the very big Q4? Yeah. Hey, Derrick. It's Mark here. Thanks for the question. Yeah, listen, I've been traveling nonstop for the last, you know, six months, seven months, met with hundreds of customers. I would say that the demand for data analytics is quite high. It's still a massive spending priority for the people I talk to. Almost every meeting I have, customers are asking for help because it's such a fragmented market. I'm really, really thankful, frankly, that we made the changes that we did in the go-to-market to really move from a bottoms-up motion to a top-down motion, because that gives us visibility to the kind of the CFO level spending priorities that allows us to do a better job forecasting. We saw a small number of deals, you know, get additional kind of stages added into the cycle, but we were able to obviously close out a really good solid quarter and I think give a pretty solid print. I don't think our sales team has been, you know, more ready than it is today. You know, we've got a lot of people that are moving from ramping to ramped and really excited about the quarter ahead and FY 2023. Great. Well done. Thank you. Yep. Thanks, Derrick. Thank you. The next question comes from Joel Fishbein from Truist Securities. Please proceed with your question, Joel. Thank you, and congrats on the strong execution. Question for you, was there any early renewals from Q4 to Q3? Also, I know you're not guiding to 2023, but can you provide any color on how we should be thinking about seasonal trends next year? Clearly, the business has some seasonality this year, but there are dynamics around revenue rec that impacted sequential growth in 1 Q. Any thoughts there would be really helpful. Thank you. Yeah. Joel, hey, thanks for that question, and thanks for the well wishes as well. Listen, I think in any quarter, you get some customers that wanna do a deal early and some that ask for a little more time, frankly. You know, this quarter was no different than any other quarter we've seen. Yeah, I'll tell you though, we know well in advance that when a renewal is coming, and as we talked about, you know, over the last, you know, three or four quarters, we had a large cohort of 2018 and 2019 three-year renewals coming in this full four-quarter period. We've been tracking those, especially the large account ones, and working on plans to not only get the renewal, but earn the permission to do a lot more, either sell to more personas or sell more seats, or ideally both. Paula's just done a great job prepping the team and, you know, frankly, bringing on people that can lead and drive that motion. Yeah. Joel, I'll just add a little bit onto that in terms of. You know, the ongoing opportunity as it relates to expanding with our customers through our renewal programs as well as through our enterprise license agreements. We see that as being an ongoing and healthy opportunity for us as we go into 2023. You know, as you look at the enterprise license agreements that we've put in place, that gives us a great visibility into consumption and utilization, and gives the sales team a chance to go back and move them up to the next tier of the enterprise license agreement or expand across the balance of the portfolio. This is a motion that we're committed to that is in place and healthy, and will continue to be an engine for growth for us into the future. Yeah. In the prepared comments, also, Joel, we referenced the burst ability in our ELAs that is really a tell to how strong the renewal opportunity can be for next year. When we give, you know, next year guidance, you know, on our Q4 earnings call, you'll see what we see there, as well. You know, I think we're in a really good spot. Thank you very much. Yeah, Joel, let me comment on, I guess your linearity question, and appreciate the question. As you alluded to, I obviously can't give any guidance on 2023 yet, but as you guys think about your models, just a few things to keep in mind. In terms of revenue, we tend to see 40% the first half, 60% kind of the back half, and I think that's what you're seeing play out again this year. I would, you know, think about that distribution as you guys are looking at linearity. We also see a pretty significant decline in Q1 relative to Q4 for the obvious reasons. Thinking about back half of the year, I think would be helpful. If you actually looked at Q1 of 2020 relative to 2021, it was about a 30% sequential decline. That should help, I think, guide you directionally as you think about your 2023 linearity. In terms of operating profit, as you're seeing this year, we tend to get most of the profit towards the back end of the year. I wouldn't expect anything different there. Then maybe lastly on ARR, just keep in mind that Q1 of 2023 will be the first quarter that we lap the addition of Trifacta. Think about that in your net new ARR growth assumptions as well. Anyway, I appreciate the question, and thanks again for participating. Thanks. Thank you. The next question comes from Brent Bracelin from Piper Sandler. Please proceed with your question, Brent. Thank you. Good afternoon. I guess Mark or Paula, there's no doubt we're seeing increasing levels of scrutiny across the broader enterprise. My question for you is, what's resonating the most with customers that's helping drive the continued momentum in ARR? Is it workflow automation just being a feature, must-have feature right now? Is it just the broader analytics category? Is it the ELA pricing and packaging and burst ability that's really resonating? Any color to help us explain the strength that you're seeing in the business today, given it is a challenging backdrop. Thanks. Yeah, you bet. You bet, Brent. Yeah, listen, the customers that I speak to every day, you know, they wanna be able to make better decisions faster. To do that, they realize they need to really, you know, garner the totality of the data that swirls around the enterprise, to be able to do so. Frankly, so many of them are still very early in this journey. What I think we have going for us is we've made what I think is the hardest part of the journey, getting going, easy. It's relatively easy to upskill your people, couple of weeks of training, and they can start building automated workflows, to your point, to be able to, you know, turn around manual processes. That is a big leap. I think, you know, people are understandably freaked out coming out of a pandemic, seeing the nightmare if they're in manufacturing of the supply chain in the last year. Trying to deal with inflation and the potential impact of a recession, people need to see around corners more now than ever before. We help them do that. Our entire sales motion is built around use cases and examples of how we can deliver specific business outcomes, not just slinging licenses. Yeah. I would add, Brent, to the market opportunity that Mark just explained very, very well, and I hear in all the conversations that I have. I was traveling a lot in Q3. I was in eight countries outside of the U.S. just in Q3 alone. That market opportunity is real because of all the reasons that he cited. I would just add to it that what we've been building for the last, you know, two years now on the go-to-market side has been about a value-based go-to-market, which really resonates in times where there's extra scrutiny. Our sales team's able to show up with, you know, comprehensive use cases and blueprints, return on investment models, you know, clear operating models, for customers that wanna scale quickly so they can see the return on the investment quickly. All of the work that we've done over the last two years in the go-to-market to focus on value with and through partners, value with and through our customer success team, is certainly helping us manage those extra scrutiny conversations with customers. Yeah. The specifics that we've rolled out, especially in the last, you know, quarter, Brent, around our platform in the cloud really is really resonating with people because they do wanna be able to, you know, provide more people access with less friction, right? We wanna appeal to those personas and that's really given us a little extra wind behind our sails with our cloud products in Q3. Super helpful color here and well, thanks for the color and great to see the momentum of the business. Thank you. Okay. Thanks, Brent. Thank you. The next question comes from Tyler Radke from Citi. Please proceed with your question, Tyler. Thanks for taking the question. Kevin, I wanted to ask you just about cash flow. It was down quite a bit relative to year ago, and certainly if we look at the last nine months, it's below where it was for the last nine months. Could you just help us understand what's driving that? Should we think about next year as being a cash flow positive year? It sounded like there's kind of some incremental you know expense efficiencies that you're targeting between the real estate footprint reduction and some other factors. Just talk us through the factors behind this year and how you kinda see that trajectory towards your targets that you laid out at the Analyst Day. Thank you. Yeah. Thanks, Tyler. Appreciate the question. Just a few comments in that regard. First of all, you know, we've talked for a number of quarters now about the investments that we've made in go-to-market and product in particular. If you think about just the cadence of hiring, a lot of those hires came early in the year, and Q3 is gonna be the first real full quarter that we have that employee base on board. That's gonna burn a little bit more cash. We also had a meaningful portion attributable to the semiannual bonus payout that we introduced this year. When you just think about seasonality, you know, as we go through the year, we tend to have the strongest collections in Q1, which are collecting off of the prior Q4. That should just give you a little bit of sense how we think about operating cash flow for this year. I can't comment with respect to operating cash flow in 2023. We don't guide to that, and we haven't provided guidance for 2023, but we obviously provided a bunch of commentary around how we think about the expense levels of the business as you indicated going forward. Hopefully that gives you a little more color. It does. Thank you. Thanks. Thanks, Tyler. Thank you. The next question comes from Sanjit Singh from Morgan Stanley. Please proceed with your question, Sanjit. Thank you for taking the questions and executing very well, guys. Very nice to see. I wanted to come back to some comments that Kevin mentioned around 2023 renewal base dynamics. You mentioned, I think two factors, Kevin. One, the 2020 three-year renewal cycle and then also the impact of ELAs. Could you just give us some more color on why we think the renewal base is gonna be a tailwind going into next year, given that I think 2020 was, you know, the middle of the pandemic, it was, you know, a tougher year for the company. To that extent, could you give us a sense of what percentage of the business is now or what percent of the customer base is on one-year deals? Any color on 2023 renewal base dynamics, that'd be very helpful. Yeah, appreciate it. I'm not sure what more I can offer than in the prepared remarks as it relates to 2023. As you know, over the last couple years, we've moved pretty significantly to align pricing and value closer as opposed to pricing and duration. We've seen a bunch of customers, you know, both elect to maintain on three years and others move to one year. As we project out and look at our renewal base into 2023, we do expect it to be significantly larger than the renewal base in 2022 for those reasons. Additionally, I guess I would point back to during the pandemic, we saw the most significant churn in the highest impacted verticals that we had at that time. A lot of those customers, you know, had gone through whatever dynamics their business and adjustments that have had. We've had significant improvement in renewal rates to multi-year highs this year. We're seeing, you know, a significant improvement in that respect. Just again, calling back to the commentary that I had with the mix of three-year and one-year, we intentionally drove duration through our pricing decisions in 2021, down, and we've seen it stabilize and, you know, it's sitting at about 1.5 now. We're getting, you know, a significantly larger number of one-year deals proportionate to what we had seen in the past. Sanjit, I'll add onto that relative to ELAs. Obviously we've been talking for a number of quarters about the opportunity that ELAs present for us to move a customer up and create an expansion opportunity inside the term of the ELA. While we have one- and three-year ELA contracts, we gave an example in the script about an airline that before they even hit their one-year anniversary, it was an opportunity for us to expand them to the next tier of ELA. We're seeing that consistently with our ELA customers, that it's reducing friction, it's giving them confidence to expand with us, and it creates opportunity for us inside the term of the ELA to go back for expansion. Last quarter, we did more in Q3 in ELAs than we did the whole first half. You can imagine we'll be talking about ELAs again at the end of Q4. Thanks. Total sense. Thank you so much for the color. Yeah. Thanks a lot, Sanjit. Thank you. The next question comes from Ittai Kidron from Oppenheimer. Please proceed with your question, Ittai. Thanks. I guess, Kevin, I'm trying to tie your answer now to a previous question regarding early renewals. Maybe you can help us reconcile the significant beat on the revenue and the slight miss on the ARR. I understand the FX element, but revenue came well above expectations. That usually happens when you have early renewals or you have increasing durations where you recognize much more upfront, and it doesn't sound like that's the case. Maybe you can kind of explain the gap between the two. Then the second question, you know, I'm trying to figure out. I mean, one of the questions we're getting from investors all the time is how do I think about the business in the context of your core Designer desktop and Server business versus all the rest. You've introduced tremendous amount of content over the past 1.5 year, yet we have no qualification on how that's doing, how is that contributing. Is there any qualitative data points that you can provide, that, shed some light on the relative adoption of the new solutions you've introduced over the next 12 months-18 months? Thank you. Thanks, Ittai. Let me start with the question about revenue and ARR, and then I'll hand it off for the commentary around Designer, Server, and Cloud. Just for clarification, to Mark and Paula's earlier point, we certainly have customers quarter to quarter that would look to early renew contracts. Early renewals do not create any revenue. The revenue attributable to those continue to be recognized in the period of the renewal. Excuse me, the period that the renewal expires. Early renewing is really an accommodation to the customer and potentially their budget needs and doesn't contribute to the upside for us. To your point around revenue and ARR, I mean, ARR was completely affected by FX. Had it not been for FX, we would have put up a pretty nice beat on ARR. Revenue has a lesser effect, given the way that FX translation works. I would attribute the strong revenue growth to strong bookings in the quarter, strong renewal rates, and ARR was unfortunately affected by FX. On the product questions, Ittai, thank you for acknowledging the amount of innovation we've kind of let out this year. Obviously earlier in the year, we did the Alteryx Analytics Cloud, which is Designer Cloud, Alteryx Machine Learning, and Auto Insights. We introduced Cloud ELAs at the end of Q2 to make it easier for our customers to adopt cloud portfolio and to scale. That's we started to see strong traction in Q3 with that two of our largest deals include a seven-figure cloud expansion. That's tracking along nicely. We see early wins and momentum with Auto Insights. It's largely being driven with customers renewing, but also our Designer and Server customers expanding. We did all this in the cloud side while also adding tremendous amount of innovation onto Designer Desktop. Where Mark kind of talked about the FIPS release and all the work we did there, that gives us the opportunity to address the customer as the public sector needs. Alteryx Machine Learning, we continue to see real interest in the product, particularly as teams start to upskill their analysts on machine learning and AI capabilities. The platform vision, Ittai, is really resonating with our customers. The cloud offering, as Mark talked about this earlier, kind of, we're creating and building a platform for everybody, for all our products to serve every persona. The IT teams, as they think about their data engineering needs, business analysts, as they think about upskilling and going beyond Designer, and server for business users to get access to insights very readily, without having to rely on dashboards to Auto Insights. It's really resonating with a variety of personas. This is the kind of innovation you should expect to see from us, as we keep rolling out our cloud products. We referenced the $2 million + cloud wins in this quarter with our largest customers. That innovation that Suresh and team have built unlocks opportunity in a pretty nice tranches with our customers because they are personas that we've not historically been able to address. We're really excited as a sales organization to have that in our bag as we're partnering with our customers on their analytics journey. Thank you. Thanks a lot, Ittai. Thank you. The next question comes from Mike Cikos from Needham. Please proceed with your question, Mike. Hey, guys. Thanks for taking the questions here. I appreciate the commentary and the disclosure, specifically around the FX for ARR. Pretty impressive to see the beat here, especially when thinking about some of the macro volatility we've all been hunkered down and thinking about with respect to the broader market. A two-parter, if I could, though. First, again, appreciate you calling out that FX headwind to ARR for Q3. Can you specifically quantify the FX rates you're assuming when thinking about Q4 with respect to the pound and the euro? Then the second question I had for you, again, appreciate the broad brushstrokes for the growth levers when thinking about calendar 2023. Can you discuss maybe the percentage of your ELA customers today that are currently utilizing that burst capacity and what that uptiering dynamic has been like thus far? I know we're calling out those two, I guess, seven-figure deals, but just curious what you've seen in the broader customer base to provide some more context there. Thank you. Yeah, thanks. Let me hit the guidance one quickly, and then I'll hand off to Paula. With respect to FX in the current guidance for Q4 and the full year Q4, we are assuming rates as they are today across our major currencies. There's obviously a variety of them, but we're looking at current rates for that portion, similar to what you saw in Q3. From a burst capacity within our ELAs, we see really high utilization of the base licensing. Roughly 40% of our customers are already utilizing burst capacity. We're four quarters into this now, so every quarter we see accretive customers moving into the burst. That always gives us, you know, a little bit of extra visibility into what the renewal opportunity could be. As, you know, we're really motivating and incentivizing customers to go faster. In times like these, I think, you know, most of the customers we talk to, they wanna do more. They wanna be able to have better visibility and see around corners. Terrific. Thank you again for the color, guys. Yep. Thanks a lot, Mike. Thank you. The next question comes from Kamil Mielczarek from William Blair. Please proceed with your question, Kamil. Hey, everyone. Congrats on the strong quarter, and thanks for taking my question. I just wanna double-click on some of the macro commentary. Net new customer adds have come down over the past two quarters. I realize that this is largely driven by a shift in focus to larger, more strategic customers. However, is there any noticeable macro impact in this metric? Are there any geographies or industries where you saw an outsized slowdown in demand? And can you update us on how customer churn trended through the quarter? Thank you. Yeah. Thank you, Kamil. On the net new logo, we've consistently talked about the strategy being focused on quality of adds of customer logos versus quantity. We see the opportunity in the Global 2000 to be the most significant, whether it's expansion within the existing customers that we have in the Global 2000 or net new customers in the Global 2000. There's nothing about Q3 in terms of net new logos that was unique to Q3 or linked to anything at a macroeconomic level. I will make a comment about our international business 'cause I think that's implied in there as well. You know, that is a big focus for us, has been. We put two new leaders in place quarter and a half ago in both EMEA and APJ. Really pleased with their leadership. We saw in Q3 growth in both new logo ACV as well as expansion in our international business. We did not see material impact from a macro perspective there, and we're starting Q4 with a solid pipeline in that part of our business as well from a year-on-year perspective. Yeah, Kamil, regarding customer churn, you know, nothing really new there. As you might remember, we've got our sales team focused on the largest customers, mid-market and above. We've signed up a few partners to focus on mid-market and below. We said previously that whatever nominal churn we do get, it tends to happen in much smaller cohorts of customers. That's just a direct result from the focus that Paula and her team are putting on large enterprise, large government. I would just point out. I mentioned a metric in my prepared remarks. You know, average revenue per customer was about $91,000 this quarter, which is up again this quarter. If you look at those customers that churned, their value was about a fourth of that. Again, when we're seeing, you know, customer churns, they tend to be, you know, much smaller, less penetrated customers. That's really helpful. Thanks again, and, congrats on the strength. Thanks a lot, Kamil. Thank you. The next question comes from Michael Turits from KeyBanc. Please proceed with your question, Michael. Hey, guys. Congrats on the solid quarter in a tough environment. Thanks, Michael. Kevin Rubin, I'd like to come back to Ittai Kidron's question about revenue versus ARR. I know you said that the beat in revenue owed to renewals, strong renewals, and bookings. But was there greater than expected either duration or the percentage of upfront rev rec than you had originally planned in the quarter that helped drive the revenue outperformance? Yeah. I appreciate the question, Michael. We did not see any material shift in duration, and I would just, I guess, remind that going into 2022, we did comment that there would be a slightly greater upfront portion. When you're looking at, you know, year-over-year revenue trends, this year is benefiting from, you know, recognizing about 50% upfront, whereas last year was about 40%. That certainly is creating some of that dynamic that you may be seeing. ARR is obviously unaffected by both of those dynamics. Just as part of that, or follow-up since we're squeezing some in here. Just it's hard to tell, given that EBIT, of course, is based on revenue, and we're more focused on ARR. But if you look and you know you decrease the EBIT loss this year from last quarter's guide to this quarter's guide. I know you don't guide to cash flow, but would you say that the cash flow that you're looking for is now higher or lower than for this year than what you were looking for previous to this quarter? Well, I guess to answer that, Michael, I would just point to, you know, we've seen a meaningful change in, you know, where we thought profitability would be for the full year from the beginning of the year till today. For the change in paying out bonuses in Q3, 1/2 of the bonus in Q3 versus paying it all at the end of the year, which we have historically done, I would expect cash flow to trend to operating expenses. Okay. Thank you very much. Thanks, Michael. Yeah. Thanks a lot, Michael. Thank you. The next question comes from Pinjalim Bora from JP Morgan. Please proceed with your question, Pinjalim. Hey, guys. This is Noah Herman on for Pinjalim Bora. Congrats on the quarter, and thanks for taking the questions. You know, for Alteryx Auto Insights, is that driving any Tableau license consolidation opportunities? I may have missed it, but what was the FX impact to the net new ARR during the quarter? Thanks. Thanks, Noah. I'll take the question on Auto Insights. We definitely see great interest in the market on this because people today aren't necessarily getting the insights from static dashboards that they're looking for, particularly in this uncertain, you know, economic time. I would not say that we're pursuing Tableau replacement sale campaigns. Rather it is a supplemental capability because it handles real-time time-based data very well, serves up in a very automated way, insights and anomalies and trends within the data. It's a very powerful capability for business owners in particular. Really our customers when they talk about Auto Insights, they describe it as having a AI-powered analyst at their fingertips, that kind of shows insights that they didn't know to ask about. Reveals kind of hidden insights. This goes beyond the dashboard use case, if you will. It's not really about a Tableau consolidation exercise, it's about making analytics accessible to all. Auto Insights is a great way to get business users, business owners who are not deep in the data, access to these insights. I mean, what I love about it. It's a whole new persona to whom we can sell. Thanks, ma'am. Okay. Thank you. Thank you. The next question comes from Shebly Seyrafi from FBN Securities. Please proceed with your question, Shebly. Thank you very much. My question's on the federal or public sector. You know, we just completed the major federal quarter in Q3. Can you talk about the rough size of the public or federal part of your business now? I think you were working on getting more FedRAMP certified. Where are you in that process? You have these FIPS products for Designer and now Server. How much of a driver do you think they'll be to your public and federal business going forward? Sorry, was that Steve or Shebly? Shebly. Oh, hey, Shebly. I remember I mispronounced your name about 10 years ago and- I know, Mark. It's been a while. Yeah. Made fun of me for it. Yeah. Hey, great to hear from you. Listen, you know, we're just ramping up our, no pun intended, ramping up our federal kind of presence. We've got a small but very good team. Got really good government relations lead now. With the FIPS certification both on Designer and Server that Suresh and team have delivered, we now have, you know, a hunting license to go hunting. It's not really a very meaningful percentage of our business yet. As you know, you heard from ServiceNow last week, it's a massive part of their business. A more mature Alteryx, you're gonna see the same thing from us, but I'd give us a couple of years before we start breaking into the multiple percentage points for federal. Really, I think the bigger picture that FIPS brings is, you know, every customer is asking for this, you know, focus on building great governance and security in our desktop products. Of course, we're gonna do that in our cloud-based products, but on our desktop products, you could have argued that in the past we haven't, and that's been a massive focus, especially in the last year and in the next few releases for the team around governance. Okay. Thank you. Yep. Thanks, Shebly. Thank you. At this time, this concludes our question and answer session. I would now like to turn the conference back over to Mark Anderson for closing remarks. Thank you, sir. Thank you, operator. I'd like to say thank you again to our customers, partners, shareholders, and our team here at Alteryx. I believe we had a great Q3, and we're committed to the opportunity ahead. This team is executing at a very high level, and we have a really strong product roadmap, and I'm confident in the strategic direction of this company. We look forward to closing out the year with strong momentum. Thank you so much. Thank you very much. That concludes today's conference. Thank you very much for your participation. We will now disconnect.