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Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Joon Park - Head of Investor Relations Sandeep Sahai - Chief Executive Officer and Board Member Jim Cox - Chief Financial Officer Conference Call Participants Brian Schwartz - Oppenheimer Chris Fountain - RBC Capital Markets Alexei Gogolev - JPMorgan David Unger - Wells Fargo Michael Infante - Morgan Stanley Gabriela Borges - Goldman Sachs Dylan Becker - William Blair Yun Kim - Loop Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the Clearwater Analytics Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.

Record Quarterly Revenue of $106.8 Million, Up 19% Year-Over-Year Net Income of $0.3 Million; Adjusted EBITDA of $33.4 Million, Up 35% Year-Over-Year Gross Revenue Retention Rate of 99%; Net Revenue Retention Rate of 110% Annualized Recurring Revenue of $427.2 Million, Up 22% Year-Over-Year Operating Cash Flows of $43.9 Million, Up 108% Year-Over-Year BOISE, Idaho , July 31, 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 June 30, 2024. "We had a very strong quarter where ARR grew 22% year on year, revenue grew 19% and adjusted EBITDA grew 35%.

BOISE, Idaho , July 17, 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 that members of its executive leadership team will be participating in the following investor conferences in the third quarter of 2024. Clearwater Analytics Chief Financial Officer Jim Cox will join a fireside chat and participate in one-on-one meetings virtually at the Oppenheimer's 27th Annual Technology, Internet & Communications Conference on Tuesday, August 13, 2024.

BOISE, Idaho , July 17, 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, will release financial results for the second quarter ended June 30, 2024 after the U.S. financial markets close on Wednesday, July 31, 2024.  In conjunction with this announcement, Clearwater Analytics will host a conference call on July 31, 2024, at 5:00 p.m.

Clearwater for Stable Value Will Provide Scale, Transparency and Operational Excellence for Franklin Templeton's Stable Value Business BOISE, Idaho , July 16, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based data investment management, accounting, reporting, and analytics solutions, today announced global investment manager Franklin Templeton has selected Clearwater for Stable Value to help drive the growth within its stable value fund business. As part of this arrangement, Clearwater for Stable Value will provide Franklin Templeton with scalable investment technology, daily portfolio insights, and stable value-specific capabilities to support its expansion into separate accounts and new mandates.

UK Reinsurer Transitions to Clearwater's SaaS-Based Solution for Greater Transparency and Strategic Decision Making BOISE, Idaho and LONDON , July 11, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Pool Re, Britain's government-backed terrorism reinsurer with funds of £7.0bn, will transition from using a custodian-based model to Clearwater's market leading investment accounting and reporting platform. Pool Re will leverage Clearwater's single instance, multi-tenant platform to streamline and modernize their finance and investment processes.

Aegon AM, Antares, Aviva, Resolution Re, and RiverStone International Exemplify Operational Excellence in Investment Accounting LONDON , June 21, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the winners of its Europe & Asia Client Awards and recognized the recipients at Clearwater Connect in London 2024. Clearwater's Client Awards highlight individuals, teams and firms that have achieved growth, operational excellence, successful transformations and more.

Streamlines Fund and Wealth Management Activities Across the Entire Investment Lifecycle with Clearwater JUMP BOISE, Idaho and PARIS , June 18, 2024 /PRNewswire/ -- Clearwater Analytics  (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Galilée Asset Management (AM) will implement Clearwater JUMP to consolidate fund and wealth activities across its investment lifecycle. The platform's deployment comes as Galilée AM seeks to support its rapid growth and consolidate its activities after acquiring several investment management companies.

BOISE, Idaho and PARIS , June 12, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that AXA XL's alternative capital team has selected Clearwater to provide strategic support for a portion of its investment portfolio. As one of the world's largest property and casualty re/insurers, AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally.