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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JPMorgan Chase & Co

Institutional Investing Platform MORGAN MONEY® Connects to Clearwater's State-of-the-Art Investment Accounting and Reporting Platform BOISE, Idaho , May 30, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, and J.P. Morgan Asset Management today announced a strategic partnership that will integrate Clearwater with the MORGAN MONEY® global trading platform, allowing permissioned users to easily navigate between both systems.

Clearwater Analytics and J.P. Morgan Asset Management Integrate Platforms to Power Cutting-Edge Multi-Asset Trading Solution

Go-To Resource for Insurance Firms Outsourcing Investment Management Delivers Additional Insights BOISE, Idaho , May 18, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the release of the 2023 Insurance Investment Outsourcing Report (IIOR). The tenth annual 'Yellow Pages' of insurance-focused asset managers contains details on asset classes and AUM, insurance client types and counts, as well as related services asset managers provide to insurers.

Clearwater Analytics Publishes 2023 Insurance Investment Outsourcing Report

Educational Conference Gives Institutional Investors Hands-on Learning, Industry-Leading Insights & Best Practices BOISE, Idaho and LONDON , May 15, 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 its annual user conference Clearwater Connect in London on June 14, 2023, at 8 Northumberland Avenue. Register for Clearwater Connect in London today.

Clearwater Analytics Offering Essential Knowledge for Investment Professionals at Clearwater Connect in London

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q1 2023 Earnings Conference Call May 4, 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 Kevin McVeigh – Credit Suisse Rishi Jaluria – RBC Michael Infante – Morgan Stanley David Unger – Wells Fargo Jackson Ader – SVB MoffettNathanson Gabriela Borges – Goldman Sachs Dylan Becker – William Blair Ari Friedman – Oppenheimer Yun Kim – Loop Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the Clearwater Analytics First Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Clearwater Analytics Holdings, Inc. (CWAN) Q1 2023 Earnings Call Transcript

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago.

Clearwater Analytics (CWAN) Q1 Earnings and Revenues Top Estimates

Record Quarterly Revenue of $84.6 Million, Up 20% Year-Over-Year Adjusted EBITDA of $22.5 Million Net Revenue Retention Rate of 106% BOISE, Idaho , May 4, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended March 31, 2023. "I'm extremely proud of our team's continued focus on client success," said Sandeep Sahai, Chief Executive Officer.

Clearwater Analytics Announces First Quarter 2023 Financial Results

New Research Reveals Emerging Trends Among Institutional Investors and Alternative Investments BOISE, Idaho , April 26, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the release of the 2023 Investor Pulse: Alternative Investors Undeterred by Economic Uncertainty study. Polling over 200 institutional investors, including insurers, wealth and asset managers, corporates and government, pension and endowments with $10 trillion in assets under management (AUM), the report looks into the key trends, challenges, and successes that institutional investors are prioritizing, given the last 12 months of economic uncertainty.

Clearwater Analytics Study Finds Alternative Investors Undeterred by Economic Uncertainty

BOISE, Idaho , April 20, 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 first quarter ended March 31, 2023 after the U.S. financial markets close on Thursday, May 4, 2023. In conjunction with this announcement, Clearwater Analytics will host a conference call on May 4, 2023, at 5:00 p.m.

Clearwater Analytics to Announce First Quarter 2023 Financial Results on May 4, 2023

BOISE, Idaho , April 20, 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 second quarter of 2023. Jim Cox, Chief Financial Officer, will join a fireside chat and participate in one-on-one meetings at the SVB MoffettNathanson's Inaugural Technology, Media & Telecom Conference in New York City on Thursday, May 18, 2023.

Clearwater Analytics to Participate in Upcoming Investor Conferences in Second Quarter 2023

Recognized as One of the World's 100 Most Innovative Companies in the Financial Services and Technology Sectors

Clearwater Analytics Named to 2023 WealthTech100

BOISE, Idaho , April 4, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Scott Erickson has been appointed as the Company's first Chief Revenue Officer. He will now oversee Clearwater's sales efforts in Europe, Asia, and the Americas.

Clearwater Analytics Promotes Scott Erickson to Chief Revenue Officer

Clearwater's Powerful 'Network Effect' Offers Breakthrough Competitive Advantage for Insurers, Asset Managers & Corporations BOISE, Idaho , March 29, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it has been selected as the winner of the "Best Overall Accounting Platform" award in the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today. "This vote of confidence from FinTech Breakthrough proves what we've long known to be true about the power of numbers.

Clearwater Analytics Wins 2023 FinTech Breakthrough Award for Best Overall Accounting Platform

New Collaboration Offers Best-of-Breed Investment Accounting Solutions Integrated with Custodian Services BOISE, Idaho , March 20, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced a new services partnership with BNP Paribas' Securities Services business, a global multi-asset servicing specialist with EUR 11.1 trillion in assets under custody and EUR 2.3 trillion in assets under administration1, to offer investment accounting and reporting solutions combined with the bank's custodian services. Securities Services at BNP Paribas is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates, and issuers.

BNP Paribas and Clearwater Analytics Announce Strategic Partnership for Investment Accounting Solutions

SVB Financial Group

Clearwater Analytics Holdings Inc. CWAN, -8.20% said Monday an affiliate of SIVB Financial Group's SIVB, -60.41% Silicon Valley Bank (SVB) is a client, but represented less than 1.5% of recurring revenue a year as of Dec. 31. The company said since the client was current in its payments, the receivable balance is “de minimis.

Clearwater Analytics SVB affiliate that is a client is ‘current' in its payments

Silicon Valley Bank Receivership Has Non-Material Impact  BOISE, Idaho , March 13, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. ("Clearwater Analytics" or the "Company") (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, is aware that Silicon Valley Bank ("SVB") has been placed into receivership by U.S. banking regulators. The Company does not hold any deposits at SVB or have any other direct investments at SVB and we do not expect the SVB closure to have any effect on our liquidity or treasury operations.

Clearwater Analytics Update

Clearwater's Investment Platform Enables Investors to Comply with IFRS 9 BOISE, Idaho , March 2, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that it has won the IFRS 9 Solution Provider of the Year for its flexible analysis and reporting capabilities that play a critical part in helping financial institutions streamline their investment operations, maximize their investment portfolio data, and be successful as they implement IFRS 9. "We're delighted with this recognition.

Clearwater Analytics Wins IFRS 9 Solution Provider of the Year from Insurance Asset Risk Awards 2023

Corporations Can Leverage Clearwater to Manage Their Investments in Black-Owned Businesses & Minority Communities, Fulfilling ESG/DEI Obligations BOISE, Idaho , Feb. 22, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that its investment accounting and reporting platform is the anchor of a fully FDIC-insured deposit program, brought to market by OneUnited Bank and IntraFi. As the largest Black-owned bank in the U.S., OneUnited is dedicated to empowering minority customers, and is designated by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI).

Clearwater Analytics Powers OneUnited Bank's Fully FDIC-Insured Deposit Program

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q4 2022 Earnings Conference Call February 21, 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 Rishi Jaluria - RBC Michael Infante - Morgan Stanley Ele Smith - JPMorgan Ella Smith - JPMorgan Gabriela Borges - Goldman Sachs David Unger - Wells Fargo Kamil Mielczarek - William Blair Brian Schwartz - Oppenheimer Yun Kim - Loop Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Clearwater Analytics Fourth Quarter and Full Year 2022 Financial Results Conference Call. [Operator Instructions] And now, I would like to welcome Joon Park, Head of Investor Relations to begin the conference.

Clearwater Analytics Holdings, Inc. (CWAN) Q4 2022 Earnings Call Transcript

Clearwater Analytics (CWAN) delivered earnings and revenue surprises of 0% and 2.74%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Clearwater Analytics (CWAN) Q4 Earnings Match Estimates

Q4 2022 Revenue of $82.7 million, up 19% year-over-year Full Year 2022 Revenue of $303.4 million, up 20% year-over-year Q4 2022 EBITDA margin of 29.4%; Q4 2022 Free Cash Flows of $16.6 million Q4 2022 Gross Revenue Retention Rate of 98%; Net Revenue Retention Rate of 106% BOISE, Idaho , Feb. 21, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced its financial results for the quarter and year ended December 31, 2022. Fourth Quarter 2022 Full Year 2022 Revenue $82.7 million $303.4 million Year-over-Year Revenue Growth % 18.5 % 20.4 % Annualized Recurring Revenue (ARR)1 $323.5 million Year-over-Year ARR Growth % 16.4 % Net Loss $(2.0) million $(6.7) million Net Loss Margin % (2.4) % (2.2) % Adjusted EBITDA $24.3 million $81.1 million Adjusted EBITDA Margin % 29.4 % 26.7 % 1ARR is a point in time metric, therefore fourth quarter 2022 and full year 2022 results are the same.

Clearwater Analytics Announces Fourth Quarter and Full Year 2022 Financial Results

Clearwater Analytics (CWAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Clearwater Analytics (CWAN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

BOISE, Idaho , Feb. 7, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, will release financial results for the fourth quarter and full year ended December 31, 2022 after the U.S. financial markets close on Tuesday, February 21, 2023. In conjunction with this announcement, Clearwater Analytics will host a conference call on February 21, 2023, at 5:00 p.m.

Clearwater Analytics to Announce Fourth Quarter and Full Year 2022 Financial Results on February 21, 2023

BOISE, Idaho , Feb. 7, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that members of its executive leadership team will be participating in the following investor conferences in the first quarter of 2023: Sandeep Sahai, Chief Executive Officer, will participate in one-on-one meetings at the Bernstein's Tech, Media, Telecom & Consumer (TMTC) 1:1 Forum in New York City on Wednesday, March 1, 2023. Jim Cox, Chief Financial Officer, will join a fireside chat and participate in one-on-one meetings at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Monday, March 6, 2023.

Clearwater Analytics to Participate in Upcoming Investor Conferences in First Quarter 2023

Avallis to Automate its Investment Accounting and Reporting Operations with Clearwater's Award-Winning, SaaS-Based Solutions SINGAPORE and BOISE, Idaho , Jan. 20, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that Singapore-based fund manager Avallis Investments has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations in order to drive higher growth across its business. Avallis Investments is an independent asset manager based in Singapore aiming to continually grow its presence in the high-net-worth wealth management space across Asia.

Singapore-based Avallis Investments Selects Clearwater Analytics to Propel Business Growth

InsuranceAsia News, InsurancePost & Insurance Asset Management Unanimous in Celebrating Clearwater's Industry Leadership BOISE, Idaho , Jan. 3, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that it has earned numerous recognitions, including the Award for Excellence 2022 from InsuranceAsia News as the Technology Provider of the Year, the European Insurance Technology award from InsurancePost as the Best Reg Tech Solution, and Technology Firm of the Year from Insurance Asset Management. "We are simply delighted to be delivering cutting-edge solutions that push the boundaries of what's possible in investment accounting and reporting across borders and industries," said Sandeep Sahai, Chief Executive Officer at Clearwater Analytics.

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