Clearwater Analytics Reports Strong Q4 Earnings
BOISE, Idaho - Clearwater Analytics Holdings Inc. (CWAN) reported fourth-quarter profit of $419.5 million on Wednesday. On a per-share basis, the Boise, Idaho-based company had earnings of $1.63. Adjusted earnings, excluding one-time gains and costs, came to 13 cents per share, exceeding Wall Street expectations.
Analysts surveyed by Zacks Investment Research had estimated earnings of 11 cents per share. Revenue for the period reached $126.5 million, also surpassing analysts' forecasts of $120.4 million.
For the current quarter ending in March, Clearwater Analytics expects revenue between $125 million. The company projects full-year revenue in the range of $535.5 million to $542 million.