CWAN Stock Recent News

Generative AI Demonstrations, Interactive Learning, and Industry-Leading Insights Set the Agenda BOISE, Idaho , Sept. 3, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytic solutions, will host Clearwater Connect 2024 at the Boise Centre on September 17-18.

New Research Uncovers the High Costs of 'Business as Usual,' Underscoring the Need to Modernize Data Management BOISE, Idaho , Aug. 14, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today released its comprehensive 2024 State of Investment Data Management study. The study reveals valuable insights into the current and future trends of investment data management.

French Mutual Insurer Adopts Clearwater JUMP Unit-Linked Funds (ULF) to Automate Investment Operations BOISE, Idaho and PARIS , Aug. 6, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that La France Mutualiste selected Clearwater's cutting-edge platform to modernize its investment operations and reporting processes and has already onboarded all its unit-linked activities onto the Clearwater JUMP ULF platform successfully. The partnership marks a significant digital transformation for La France Mutualiste as it moves to automate manual tasks, enhance operational efficiency, and drive future growth.

CWAN reported strong 2Q24 results with revenue growth of 19% and adj. EBITDA margin of 31.3%, beating consensus estimates. ARR growth inflected back to >20% in 2Q24, indicating potential for revenue growth to accelerate. Strong demand for new products and improved cash generation support a positive growth outlook.

The headline numbers for Clearwater Analytics (CWAN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

New Commercial Paper (CP) Issuance Tool Provides Clearwater Clients with Comprehensive Overview, Processing, and Management of All Issuances BOISE, Idaho , Aug. 1, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the availability of its CP Issuance tool for firms that issue commercial paper, with a modern workflow for CP issuance, a rates research module for generating custom reports and benchmarking, and a reporting engine for bespoke reports illustrating balance sheets, exposures, and performance. Clearwater's CP Issuance tool replaces a process that has been bogged down by spreadsheet-dependency, key man risk and resource-intensive manual data aggregation.

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.