Clearwater Analytics Holdings

Clearwater Analytics Holdings, Inc. engages in the provision of web-based investment portfolio accounting, reporting, and reconciliation services. It operates through the United States and Rest of World geographical segments. Its products include automated data aggregation and validation, investment accounting, integrated reporting tools, a user-friendly solution, and business-specific tools. The company was founded in 2004 and is headquartered in Boise, ID.

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Clearwater Analytics posts strong Q4 results, eyes growth opportunities

Clearwater Analytics delivered robust financial results in Q4 2022, with strong revenue growth and improved retention rates.
The company's strategic pillars and expanded product offerings have positioned it well for continued growth and market share gains.
While facing challenges such as resistance to new models and integration complexities, Clearwater is focused on leveraging opportunities for revenue expansion and market penetration.
With a solid financial position and a clear growth strategy, Clearwater Analytics is poised for sustained success and value creation in the coming year.

Clearwater Analytics reports strong Q1 growth and eyes international expansion

Clearwater Analytics delivered robust financial performance in Q1, driven by revenue growth and operational improvements.
While facing challenges in revenue retention and market strategies, the company remains well-positioned for growth.
Opportunities lie in expanding internationally, optimizing sales efficiency, and leveraging R&D investments.
Overall, Clearwater's Q1 performance and strategic initiatives set a positive trajectory for future success.

Clearwater Analytics reports robust Q2 growth and AI innovation

Clearwater Analytics delivered strong financial performance in Q2, with revenue growth and raised full-year guidance.
The company's strengths lie in operational excellence, AI innovation, and strategic partnerships driving future growth.
Challenges include maximizing revenue impact from initiatives like JUMP, amid a competitive landscape.
Clearwater has opportunities to leverage AI, enhance client interactions, and capitalize on stable market conditions.

Clearwater Analytics reports robust Q3 earnings, eyes M&A expansion

Clearwater Analytics delivered strong financial performance in Q3, driven by disciplined execution and client success.
The company's focus on innovation, expanding TAM, and addressing client needs positions it for future growth.
Despite challenges in scaling and potential competition, Clearwater remains optimistic about revenue growth opportunities.

Clearwater Analytics reports robust 2023 performance and optimistic 2024 outlook

Clearwater Analytics had a strong performance in 2023 and is well-positioned for growth with promising revenue guidance for 2024.
The company's strengths lie in its innovative platform, focus on disruptive technology, and commitment to client relationships and revenue stability.
Challenges include maintaining data integrity, navigating regulatory landscapes, and balancing investments for growth, while opportunities exist in market expansion and leveraging regulatory demands.
Clearwater's strategic focus on technology, market adaptation, and client needs underscores its potential for continued success and market leadership.

Clearwater Analytics (CWAN) posts robust Q1 results, eyes sustained growth

Clearwater Analytics Holdings (CWAN) delivered strong financial performance in Q1 2024, driven by organic revenue growth and strategic acquisitions. The company aims to enhance gross margin efficiency, drive customer-driven innovation, and expand its product suite for sustained growth.

Clearwater Analytics excels in Q2, raises guidance amid market expansion

Clearwater Analytics delivered a strong performance in Q2 2024, showcasing impressive revenue growth, margin improvement, and operational efficiency.
The company's strategic focus on new product development, market expansion, and client retention positions it well for continued success and growth.
While facing challenges in a competitive landscape, Clearwater has ample opportunities to drive innovation, enhance customer experience, and capture new market segments.

Clearwater Analytics excels in Q3, eyes growth through innovation

Clearwater Analytics delivered exceptional Q3 results, exceeding revenue and EBITDA targets with record free cash flow.
The company's strategic focus on innovation, international expansion, and client relationships positions it well for future growth.
Challenges lie in operational targets like EBITDA margin expansion and discreet product commercialization, requiring careful execution.

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Delivers Greater Transparency for Lloyd's Reporting and RiverStone International's Growing Business BOISE, Idaho , Sept. 28, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd's market, has successfully implemented the Clearwater platform.

RiverStone International to Drive Investment Strategy with Clearwater Analytics

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Industry Experts Unveil New Capabilities to Process Accurate, Timely and Comprehensive Investment Data at Speed and Scale BOISE, Idaho, Sept. 21, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that its annual Clearwater Connect conference with more than 500 global in-person attendees is underway in Boise, Idaho.

Clearwater Connect 2023 Conference Attendees Embrace Innovations in Investment Accounting

Blackstone, J.P. Morgan, Nationwide, Resolution Life US & Transamerica Among Firms that Exemplify Operational Excellence in Investment Accounting BOISE, Idaho , Sept.

Clearwater Analytics Announces the Winners of its Customer Awards Program

BOISE, Idaho, Sept. 7, 2023 /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, will host its 1st Investor Day today at the New York Stock Exchange in New York City.

Clearwater Analytics to Host 1st Investor Day Today

Generative AI Demonstrations, Hands-on Learning, Industry-Leading Insights and Best Practices Take Center Stage BOISE, Idaho , Sept. 5, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it will host the Fintech conference on every institutional investor's calendar – Clearwater Connect 2023.

Clearwater Connect 2023 to Unveil Breakthrough Technologies in Investment Management

BOISE, Idaho , Aug. 31, 2023 /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, will host Investor Day 2023 at the New York Stock Exchange in New York City on Thursday, September 7, 2023. The event will feature presentations by the Clearwater Analytics executive team and provide an update on company performance, corporate strategy, product innovation, go-to-market approach, and company financials.

Clearwater Analytics to Host 1st Investor Day on Thursday, September 7, 2023

Clearwater Analytics (CWAN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Clearwater Analytics (CWAN) Stock

Adopts Clearwater within its Investment Operating Model Following the Merger of North P&I and The Standard Club BOISE, Idaho and LONDON , Aug. 29, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that NorthStandard, one of the world's preeminent marine insurers, has selected Clearwater to enhance its investment operations. The Standard Club has used Clearwater over the last five years and underwent a strategic merger with North P&I Club in 2023, with the resulting entity renamed "NorthStandard".

NorthStandard Chooses Clearwater Analytics for Investment Data Management

Clearwater's Full-Lifecycle Solution to Administer First Mutual Fund Domiciled in the Caribbean BOISE, Idaho , Aug. 22, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management accounting, reporting, and analytics solutions, today announced that Bank of Saint Lucia has chosen Clearwater JUMP to power its new mutual fund. A Clearwater customer since 2014, Bank of Saint Lucia is a subsidiary of Eastern Caribbean Financial Holding Company and the largest bank in Saint Lucia.

Bank of Saint Lucia Goes All-In on Clearwater

New Research Uncovers Key Trends Among Corporate Treasurers on Interest Rates, ESG, Banking Industry Challenges, and More BOISE, Idaho , Aug. 7, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management accounting, reporting, and analytics solutions, today announced the release of its 2023 Corporate Treasurer Market Outlook study. Polling over 150 corporate treasurers across the institutional investing space with $1.5 trillion in collective AUM, the report looks into the key trends, challenges, successes, and market outlook insights among corporate treasurers moving into the second half of 2023.

Clearwater Analytics Study Finds Corporate Treasurers Predict Interest Rate Hikes

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Joon Park - Head-Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Peter Heckmann - D.A. Davidson Rishi Jaluria - RBC Michael Infante - Morgan Stanley Jackson Ader - MoffettNathanson Dylan Becker - William Blair David Unger - Wells Fargo Brian Schwartz - Oppenheimer Yun Kim - Loop Capital Operator Good afternoon, ladies and gentlemen.

Clearwater Analytics Holdings, Inc. (CWAN) Q2 2023 Earnings Call Transcript

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.05 per share a year ago.

Clearwater Analytics (CWAN) Q2 Earnings and Revenues Top Estimates

Record Quarterly Revenue of $89.9 Million, Up 22% Year-Over-Year Adjusted EBITDA of $24.8 Million, Up 30 % Year-Over-Year Annualized Recurring Revenue of $349.5 Million, Up 20% Year-Over-Year Gross Revenue Retention Rate of 98%; Net Revenue Retention Rate of 109% BOISE, Idaho, Aug. 2, 2023 /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 June 30, 2023. "I'm very pleased with our re-acceleration of growth while simultaneously improving the bottom line.

Clearwater Analytics Announces Second Quarter 2023 Financial Results

Industry Veteran to Drive Product Innovation and Multi-Product Strategy  BOISE, Idaho , July 26, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Sunil Dixit as its new Chief Product Officer. Dixit brings with him a wealth of expertise driving product innovation, which will speed the development of client-centric solutions to meet current market demands while anticipating future trends.

Clearwater Analytics Strengthens Leadership Team with Appointment of Sunil Dixit as New Chief Product Officer

World's First Generative AI for Investment Management Promises to Transform Investing Operations BOISE, Idaho , July 25, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, announced the upcoming launch of Clearwater-GPT, the world's first generative AI technology for investment management that will deliver AI-created content for sales, service, marketing, IT and client interaction, and accelerate the way Clearwater's global clientele analyzes investment data and responds to dynamic market changes. With an expected availability to select customers during the second half of 2023, Clearwater-GPT will be a powerful addition to Clearwater's suite of products, which already includes best-in-class investment management, accounting, reporting, and analytics solutions.

Clearwater Analytics Announces Clearwater-GPT

BOISE, Idaho , July 19, 2023 /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, will release financial results for the second quarter ended June 30, 2023 after the U.S. financial markets close on Wednesday, August 2, 2023. In conjunction with this announcement, Clearwater Analytics will host a conference call on August 2, 2023, at 5:00 p.m.

Clearwater Analytics to Announce Second Quarter 2023 Financial Results on August 2, 2023

BOISE, Idaho , July 19, 2023 /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 that members of its executive leadership team will be participating in the following investor conferences in the third quarter of 2023. Clearwater Analytics Chief Executive Officer Sandeep Sahai, Chief Financial Officer Jim Cox, and the rest of our executive leadership team will host Clearwater Analytics' 1st Investor Day at the New York Stock Exchange in New York City on Thursday, September 7, 2023.

Clearwater Analytics to Host 1st Investor Day and to Participate in Upcoming Investor Conferences in Third Quarter 2023

Covenant Capital Arms Wealth Managers with Award-Winning, SaaS-Based Platform to Serve High-Net-Worth Clients SINGAPORE and BOISE, Idaho , July 18, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Singapore-based independent wealth manager Covenant Capital has selected Clearwater Analytics to automate investment data management, conduct portfolio analytics and reporting, and enhance its services for high-net-worth clients with valuable growth opportunities. Covenant Capital caters to high-net-worth individuals and families across Asia.

Covenant Capital Selects Clearwater Analytics for Investment Data Management and Portfolio Analytics

BOISE, Idaho, July 6, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Aviva went live April 1, 2023 on the Clearwater platform as the comprehensive solution for its investment accounting operations and regulatory reporting. Aviva is a leading UK provider of insurance, wealth and retirement products with franchises in Ireland and Canada serving over 18 million customers in the UK, Ireland and Canada and manages group assets of more than £350 billion.

Aviva Goes Live with Clearwater Analytics to Power its Investment Accounting Operations

Implementation Supports AUM Strategy and Lloyd's Reporting BOISE, Idaho and LONDON , June 21, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Apollo, a leading Lloyd's insurer with $500 million in AUM, has chosen Clearwater to automate and streamline their investment accounting processes, including data aggregation, trade reconciliation, and reporting on a single integrated platform. Apollo is an independent specialist (re)insurer and service company dedicated to providing high quality products and services to clients, brokers, and capital partners at Lloyd's.

Lloyd's Insurer Apollo Selects Clearwater Analytics for Investment Accounting

BOISE, Idaho , June 15, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. ("Clearwater Analytics" or the "Company") (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the pricing of its underwritten secondary public offering of its Class A common stock priced at a price to the public of $16.05 per share. The offering consists of 10,000,000 shares of Class A common stock to be sold by certain affiliates of Welsh, Carson, Anderson & Stowe (collectively, the "Selling Stockholders").

Clearwater Analytics Announces Pricing of Secondary Offering of Class A Common Stock

Deep Limited Partnership Investment Details Will Help Compre Maintain AUM Growth, Now at 3X in Three Years BOISE, Idaho and LONDON , June 13, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Compre Group Holdings Limited ("Compre"), a Bermuda headquartered international legacy group with operations globally, is expanding its partnership with Clearwater to include additional transparency into alternative assets. Compre has grown rapidly and tripled its assets under management (AUM) in the last three years.

Compre Group Expands into Alternative Investments on Clearwater LPx

Solution Supports Investment Data Management and Lloyd's Reporting LONDON, June 12, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that S.A. Meacock and Company Limited has implemented the Clearwater Analytics solution for investment accounting and reporting.

Lloyd's Insurer S.A. Meacock Chooses Clearwater Analytics for Investment Accounting and Reporting

CWAN has shown strong revenue performance in 1Q23, attracting major clients like Bank of America Private Bank and Merrill Lynch, and consolidating market share despite a weak economic climate. The gap between ARR growth and revenue growth should not be a concern, as large contracts take time to fully materialize and contribute to the bottom line, and the new pricing model will take time to flow through the entire customer base. CWAN's current stock price appears appealing, with potential for growth as the market recognizes the company's strong market position, steady growth, and the potential for positive EBITDA in the near future.

News for Clearwater Analytics Holdings Stock (CWAN)