CWIC

Clearwater Analytics Announces First Quarter 2024 Financial Results

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수요일, 5월 1, 2024
Investment, ARR, Insurance, Risk, Clearwater Analytics, Software as a service, CWIC, ACV, Tax, Fintech, Acquisition, NRR, Data management, Adjustment, TAM, Accounting, GAAP, Growth, Financial adviser

Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year

Key Points: 
  • Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year
    Adjusted EBITDA of $32.2 Million, Up 43% Year-Over-Year
    Annualized Recurring Revenue of $402.3 Million, Up 19% Year-Over-Year
    BOISE, Idaho, May 1, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended March 31, 2024.
  • Revenue: Total revenue for the first quarter of 2024 was $102.7 million, an increase of 21.4%, from $84.6 million in the first quarter of 2023.
  • On April 22, 2024, Clearwater Analytics completed its acquisition of the risk performance, and analytics platforms of Wilshire Advisors LLC, a leading global financial services firm.
  • Clearwater Analytics announced that leading general insurer MSIG Singapore selected Clearwater to power its investment data management, portfolio analytics, and investment reporting operations.

Clearwater Analytics Announces Fourth Quarter and Full Year 2023 Financial Results

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수요일, 2월 28, 2024
Investment, Machine learning, Cross River Bank, Carpentry, Colcom Foundation, Asset, Digital, Adjustment, ARR, Clearwater Analytics, Assured Life Association, CWIC, Acquisition, NPS, Metropolitan, Intelligence, Risk management, Data management, AUM, Progress, Risk, ACV, Equinix, AppsFlyer

BOISE, Idaho, Feb. 28, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended December 31, 2023.

Key Points: 
  • Revenue: Total revenue for the fourth quarter of 2023 was $99.0 million, an increase of 19.8%, from $82.7 million in the fourth quarter of 2022.
  • Gross Profit: Gross profit for the fourth quarter of 2023 increased to $70.7 million, compared with $59.7 million in the fourth quarter of 2022.
  • Non-GAAP net income for the fourth quarter of 2023 increased to $24.1 million from $17.2 million in the fourth quarter of 2022.
  • Adjusted EBITDA: Adjusted EBITDA for the fourth quarter of 2023 was $30.0 million, up from $24.3 million in the fourth quarter of 2022.