Inactive Instrument

Duck Creek Technologies, Inc.

DCT

US2641201064

Duck Creek: Fiscal Q1 Earnings Snapshot

January 07, 2022 at 02:48 am IST

BOSTON (AP) _ Duck Creek Technologies, Inc. (DCT) on Thursday reported fiscal first-quarter net income of $692,000, after reporting a loss in the same period a year earlier.

The Boston-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The company posted revenue of $73.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $68.8 million.

For the current quarter ending in March, Duck Creek said it expects revenue in the range of $71.5 million to $73.5 million.

The company expects full-year revenue in the range of $298 million to $304 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCT at https://www.zacks.com/ap/DCT

Latest news about Duck Creek Technologies, Inc.

Duck Creek Technologies Appoints Bindu Crandall as Chief Marketing Officer	21/05	CI
Hi Marley & Duck Creek Continue to Demonstrate Simplified Claims Communications	15/05	CI
Duck Creek Technologies Transforms North American Insurers' Connectivity to Preferred Payment Providers with the Launch of Duck Creek Payments	19/03	CI
Duck Creek Continues Commitment to the Reinsurance Industry by Welcoming Xceedance as an Inaugural Ecosystem Partner for Reinsurance	20/02	CI
Duck Creek Technologies Adds Lloyd's of London Integration to Its Reinsurance Cloud Platform	19/12	CI
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Duck Creek Technologies Unveils the Next Generation of Data Management and Analytics with the Launch of Duck Creek Clarity?	05/12	CI
Duck Creek Technologies Announces Partnership with ICEYE	31/23/31	CI
Newgen Partners with Duck Creek Technologies to Offer Newgenone OmniDocs Contextual Content Services Platform to Insurers	23/23/23	CI
Southern Trust Insurance Chooses Duck Creek OnDemand for Its Cohesive and Comprehensive Full-Suite Capabilities	31/23/31	CI
Country-Wide Insurance Company Migrates Its Full-Suite Systems into the Cloud with Duck Creek Technologies	23/23/23	CI
Relativity6 Partners with Duck Creek Technologies, Offering Fast and Accurate Industry Classification	19/23/19	CI
Greater Than and Duck Creek Technologies Enter Partnership Agreement to Help Motor Insurance Companies Globally Predict Future Loss Ratifies	28/23/28	CI
Chris McCloskey Joins Duck Creek as Chief Operating Officer	30/23/30	CI
Vymo, Inc. and Duck Creek Technologies, Partner to Deliver Superior Agent Management Experience for P&C Insurers	03/23/03	CI
Duck Creek Technologies Partners with Carpe Data to Bring Innovative and Actionable Insights to Insurance Industry	02/23/02	CI
Duck Creek Technologies Closes Acquisition by Vista Equity Partners, Ends Nasdaq Listing	31/23/31	MT
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from NASDAQ Composite Index	30/23/30	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P Global BMI Index	30/23/30	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P Software & Services Select Industry Index	30/23/30	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P TMI Index	30/23/30	CI
Vista Equity Partners Management, LLC completed the acquisition of Duck Creek Technologies, Inc. from a group of shareholders.	30/23/30	CI
Duck Creek Technologies, Inc. Announces Resignation of Nageswaran Vaidyanathan, Chief Technology Officer, Effective April 3, 2023	14/23/14	CI
Insurance software on the block as private equity looks to cash in - sources	03/23/03	RE
Duck Creek Technologies’s Cloud-Based Software Enables GAINSCO Auto Insurance to Scale in its Journey Towards Expansion	20/23/20	CI

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Duck Creek Technologies, Inc. is a provider of core systems to the property and casualty (P&C) insurance industry through its cloud offering, Duck Creek OnDemand, which is delivered as software-as-a-service (SaaS). The Company's product portfolio is built on its technology foundation, the Duck Creek Platform. The Company's Duck Creek Suite includes products that support the P&C insurance process lifecycle, such as Duck Creek Policy, Duck Creek Billing and Duck Creek Claims. Duck Creek Policy is a solution that enables insurers to develop and launch new insurance products and manage all aspects of policy administration, from product definition to quoting, binding, and servicing. Duck Creek Billing is a solution that supports fundamental payment and invoicing capabilities for all insurance lines and bill types. Duck Creek Claims is a solution that supports the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting and closure.

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